AI will erode the need for human employees but that may not be a bad thing, according to SingularityNET CEO Ben Goertzel. The artificial general intelligence pioneer said the elimination of human jobs, perhaps with the exception of preschool teachers,...
AI will erode the need for human employees but that may not be a bad thing, according to SingularityNET CEO Ben Goertzel. The artificial general intelligence pioneer said the elimination of human jobs, perhaps with the exception of preschool teachers,...
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey, as the U.K. faces the consequences of an energy price shock...
Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey, as the U.K. faces the consequences of an energy price shock. The U.K. central bank chief told CNBC in an interview on Thursday that the outlook for energy prices is "very uncertain" but a "a long lived effect" of this kind will likely see price growth feed into the rest of the economy and embed inflation more deeply. "This is what we'd call a negative supply shock. In other words, unfortunately, the increase in price of energy product... is also having...a negative effect on activity in economy," he said. "That's a difficult combination." It came after the bank's Monetary Policy Committee voted in an 8-1 split to maintain the benchmark rate, known as the "Bank Rate", at 3.75%, with known hawk BOE Chief Economist Huw Pill the only dissenter voting for a 25 basis-point increase. Bailey struck a hawkish note, warning that a protracted energy price crunch could force BOE to take action on monetary policy. "If we see this pass through – becoming embedded and becoming persistent – we will have to respond, because that's our job and that's how we get inflation back to target," he added. Bailey told CNBC that reaching the committee's 2% inflation target is "critically important", and the bank will be monitoring how energy prices are feeding through into the economy, labor market, and employment data. March's inflation print showed the consumer price index rose to 3.3%, up from 3% in the previous month, as fuel prices pushed the overall basket higher. The BOE said Thursday that inflation is "likely to be higher later this year as the effects of higher energy prices pass through" and that it was wary of second-round effects — such as workers...
tupungato/iStock Editorial via Getty Images Investment Thesis Since my last coverage Microsoft ( MSFT ) is up 11% but it has underperformed the broader market year to date. However, the recent earnings indicate that the company has shifted from positioning for AI into monetizing it. The rise in Azure's cloud business has not slowed down. Instead, the current constraint is supply and more room shou...
tupungato/iStock Editorial via Getty Images Investment Thesis Since my last coverage Microsoft ( MSFT ) is up 11% but it has underperformed the broader market year to date. However, the recent earnings indicate that the company has shifted from positioning for AI into monetizing it. The rise in Azure's cloud business has not slowed down. Instead, the current constraint is supply and more room should come from the expansion of capacity. On the other hand, moving to a subscription-plus-metered basis is allowing for greater revenues out of its huge user base, especially through Copilot. Although the firm's free cash flow will take a temporary hit due to higher capital expenditure, the company enjoys robust operating cash flow and a staggering $627 billion backlog, indicating that demand has already been locked in. Data by YCharts Microsoft’s AI Shift Is Showing Up in the Numbers The latest earnings report, in my opinion, proves that Microsoft has progressed beyond the stage of positioning of AI products, entering the stage of monetizing their AI business. Revenue grew by 18% year over year to reach $82.9 billion , while the operating income increased by 20% and amounted to $38.4 billion. Operating margins, therefore, increased to 46% which even for such an enterprise is quite an achievement. Microsoft’s margins have remained resilient in a way I never expected considering the level of investment in AI and this is one of the most compelling pieces of information provided by the report. The operating margin grew to ~46%, despite the large amount of investments into infrastructure, whereas the gross margin only decreased slightly because of AI mix. Data by YCharts This implies two important factors, firstly, pricing power has been preserved and secondly, productivity increases in Azure and the software layer have counterbalanced expenses related to hardware. However, what is even more exciting about Microsoft’s business model is the move towards revenue generation based o...
tupungato/iStock Editorial via Getty Images Investment Thesis Since my last coverage Microsoft ( MSFT ) is up 11% but it has underperformed the broader market year to date. However, the recent earnings indicate that the company has shifted from positioning for AI
tupungato/iStock Editorial via Getty Images Investment Thesis Since my last coverage Microsoft ( MSFT ) is up 11% but it has underperformed the broader market year to date. However, the recent earnings indicate that the company has shifted from positioning for AI
xiao zhou/iStock via Getty Images Coming into the Q1 2026 earnings reports, it was a widespread belief that the relentless march of the AI trend would bring about yet another large jump in capex commitments by the tech megacaps. And certainly, Microsoft ( MSFT ), Google (
xiao zhou/iStock via Getty Images Coming into the Q1 2026 earnings reports, it was a widespread belief that the relentless march of the AI trend would bring about yet another large jump in capex commitments by the tech megacaps. And certainly, Microsoft ( MSFT ), Google (
Nintendo eShop gift cards can be used to buy games, apparel, and even hardware or accessories from its online storefront. No matter what you want to get, you can save a fairly substantial amount by purchasing a twin-pack of $50 eShop gift cards from Newegg . Originally $100, you can get them for $80.50, and there’s a limit of 10 purchases per customer. Buying any more than one set of gift cards mi...
Nintendo eShop gift cards can be used to buy games, apparel, and even hardware or accessories from its online storefront. No matter what you want to get, you can save a fairly substantial amount by purchasing a twin-pack of $50 eShop gift cards from Newegg . Originally $100, you can get them for $80.50, and there’s a limit of 10 purchases per customer. Buying any more than one set of gift cards might seem outlandish, but it makes sense if you envision using the credit on purchases in the future. They can also be used to buy big-ticket items, like a Nintendo Switch 2 . Nintendo eShop gift cards Where to Buy: $100 $80.5 at Newegg ($100) Some other great deals to check out If you’re considering a 15-inch smart calendar for yourself, or perhaps as a gift for Mother’s Day , you’ve got some options. For something slightly less expensive than Skylight’s $319.99 Calendar 2 , the Cozyla Calendar Plus 2 is down to $279.99 for Amazon Prime members . The biggest advantage of the Cozyla model is it doesn’t require a subscription to access features like meal planning, chore tracking, and the ability to display photo and video screen savers. (In contrast to Skylight, which tucks them behind a $79 annual subscription .) The Cozyla model doesn’t include a wall mount like Skylight’s calendar, though. It’s good to stay safe when you’re biking. That includes wearing a helmet, of course, but Garmin’s Varia Vue can illuminate the trails ahead with a peak 600 lumens of brightness and record footage in the case of an incident. Normally $549.99, the multi-function light is down to $449.99 at Amazon , its lowest price to date. The Varia Vue offers continuous 4K recording, though it’ll only be saved in the events leading up to an incident detected by its built-in accelerometer. From there, you can move the footage with the SD card, or with a paid subscription, footage can be automatically uploaded to the Garmin Vault cloud service over Wi-Fi. Through late in the day on May 1st, Woot customers...
After some protracted legal drama, Subnautica 2 is finally about to launch. The game, which is currently Steam's most-wishlisted title and was caught up in a dispute between top executives at developer Unknown Worlds and its owner, Krafton, will be available in early access on PC and Xbox Series X / S starting May 14th. Subnautica 2 was originally set to enter early access in 2025, but was delayed...
After some protracted legal drama, Subnautica 2 is finally about to launch. The game, which is currently Steam's most-wishlisted title and was caught up in a dispute between top executives at developer Unknown Worlds and its owner, Krafton, will be available in early access on PC and Xbox Series X / S starting May 14th. Subnautica 2 was originally set to enter early access in 2025, but was delayed last July to 2026, at least publicly, due to feedback from playtests . However, the delay happened days after Krafton pushed out Unknown Worlds' previous bosses, Ted Gill, Charlie Cleveland, and Max McGuire - a move that Bloomberg reported happened … Read the full story at The Verge.
Morsa Images/DigitalVision via Getty Images Amid a challenging macro and rising threat from AI, many companies are kicking off a wholesale rethink of their business model and their value proposition. Our job as investors, especially during a volatile Q1 earnings season, is to
Morsa Images/DigitalVision via Getty Images Amid a challenging macro and rising threat from AI, many companies are kicking off a wholesale rethink of their business model and their value proposition. Our job as investors, especially during a volatile Q1 earnings season, is to
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
European Central Bank policymakers are likely to raise interest rates at their next meeting in June unless there are positive developments on energy prices and ending the Iran war, according to people familiar with the situation. Should the fighting persist, there’s only a very small chance a hike can be avoided, said the people, asking not to be identified discussing private talks. They stressed,...
European Central Bank policymakers are likely to raise interest rates at their next meeting in June unless there are positive developments on energy prices and ending the Iran war, according to people familiar with the situation. Should the fighting persist, there’s only a very small chance a hike can be avoided, said the people, asking not to be identified discussing private talks. They stressed, however, that nothing has been decided and the situation can change quickly. An ECB spokesperson declined to comment. President Christine Lagarde signaled earlier that the ECB will consider an increase in borrowing costs in June after debating and rejecting one on Thursday as it held the deposit rate at 2%. Officials will get updated projections at their next meeting, when economists and investors see them opting for a quarter-point hike. Lagarde said the next six weeks “will be the right time” to assess the economy “in order to make an informed decision on verified and revisited information.” So far, officials haven’t been convinced of the need to tighten monetary policy, with the ramp-up in oil and natural gas costs not yet triggering so-called second-round effects — even as headline inflation has jumped to 3%. Economic growth is also at risk. Data published shortly before the ECB’s rate announcement showed first-quarter growth of just 0.1% in the euro zone — feeding stagflation fears , though Lagarde played down that idea. What Bloomberg Economics Says... “The ECB is facing a stark dilemma, as the energy shock causes inflation to jump and the economy to slump. President Lagarde introduced a more hawkish tone at the press conference by noting that a rate increase was discussed. All in all, while the ECB may hike in June, its outlook seems far more dovish than financial markets and it’s unlikely to tighten aggressively this year.” — David Powell and Simona Delle Chiaie . Click here for full REACT Markets don’t see officials stopping in June, pricing three moves in total b...
According to an SEC filing dated April 29, 2026, Speece Thorson Capital Group increased its position in Insight Enterprises (NASDAQ:NSIT) by 78,191 shares during the first quarter. The estimated transaction value is $6.39 million, calculated using quarterly average pricing. The quarter-end value of the NSIT stake rose by $5.15 million, a figure that incorporates both the share purchase and changes...
According to an SEC filing dated April 29, 2026, Speece Thorson Capital Group increased its position in Insight Enterprises (NASDAQ:NSIT) by 78,191 shares during the first quarter. The estimated transaction value is $6.39 million, calculated using quarterly average pricing. The quarter-end value of the NSIT stake rose by $5.15 million, a figure that incorporates both the share purchase and changes in the stock’s price during the period. Insight Enterprises is a leading global technology distributor and solutions provider with a comprehensive portfolio spanning cloud, data center, and digital transformation services. The company leverages its scale and expertise to deliver end-to-end IT solutions that drive operational efficiency and innovation for clients worldwide. Its broad customer reach and integrated approach position it competitively within the technology distribution and services sector. Insight Enterprises stock dipped in March. If Speece Thorson made its 78,000 purchase on the dip it could be sitting on a gain of more than 10% right now. If the firm purchased the volatile shares in early February, though, they’ve fallen more than 20% already. Continue reading
On this episode of the Odd Lots podcast, BlackRock COO Rob Goldstein joins Joe Weisenthal and Tracy Alloway to discuss ways in which the firm is already using AI to develop innovative products, as well as how he envisions the future of private markets. (Source: Bloomberg)
On this episode of the Odd Lots podcast, BlackRock COO Rob Goldstein joins Joe Weisenthal and Tracy Alloway to discuss ways in which the firm is already using AI to develop innovative products, as well as how he envisions the future of private markets. (Source: Bloomberg)
Pioneering scientist J. Craig Venter has died at 79. His "whole genome shotgun method" helped genome sequencing become faster and cheaper. (Image credit: K.C. Alfred/The San Diego Union-Tribune)
Pioneering scientist J. Craig Venter has died at 79. His "whole genome shotgun method" helped genome sequencing become faster and cheaper. (Image credit: K.C. Alfred/The San Diego Union-Tribune)