Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel prices The Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war. The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its lates...
Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel prices The Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war. The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its latest rate-setting meeting. Continue reading...
Martin Marietta Materials press release ( MLM ): Q1 Non-GAAP EPS of $1.93 beats by $0.08 . Revenue of $1.36B (+17.2% Y/Y) beats by $60M . Cash provided by operating activities for the three months ended March 31, 2026, was $227 million, a first-quarter record, compared with $218 million for the prior-year period. Cash paid for property, plant and equipment additions for the three months ended Marc...
Martin Marietta Materials press release ( MLM ): Q1 Non-GAAP EPS of $1.93 beats by $0.08 . Revenue of $1.36B (+17.2% Y/Y) beats by $60M . Cash provided by operating activities for the three months ended March 31, 2026, was $227 million, a first-quarter record, compared with $218 million for the prior-year period. Cash paid for property, plant and equipment additions for the three months ended March 31, 2026, was $186 million. Reaffirmed Full-Year 2026 Guidance Based on Strong Underlying Demand Full-Year 2026 Guidance The Company's 2026 guidance provided below reflects continuing operations only and is inclusive of contributions from the operations acquired from QUIKRETE on February 23, 2026. 2026 GUIDANCE (Dollars in Millions) Low Midpoint High Revenues $ 7,000 $ 7,160 $ 7,320 vs. $7.05B consensus (prior $6,420 -$6,780) Net earnings from continuing operations attributable to Martin Marietta $ 1,062 $ 1,115 $ 1,168 Adjusted EBITDA from continuing operations 1 $ 2,360 $ 2,430 $ 2,500 Capital expenditures $ 550 $ 575 $ 600 Aggregates Volume % growth 2 11.0 % 12.0 % 13.0 % Organic volume % growth 2 1.0 % 2.0 % 3.0 % ASP % growth 3 1.5 % 2.5 % 3.5 % Organic ASP % growth 3 4.0 % 5.0 % 6.0 % Click to enlarge More on Martin Marietta Materials Martin Marietta: A Bet On Non-Residential Building Demand, As Operating Margins Improve Martin Marietta Materials, Inc. (MLM) Q4 2025 Earnings Call Transcript Martin Marietta Materials, Inc. 2025 Q4 - Results - Earnings Call Presentation Martin Marietta Materials Q1 2026 Earnings Preview Martin Marietta Materials appoints Christopher W. Samborski as COO
L3Harris Technologies press release ( LHX ): Q1 GAAP EPS of $2.72 beats by $0.20 . Revenue of $5.7B (+11.8% Y/Y) beats by $290M . Orders of $7.8 billion; book-to-bill of 1.4x increases backlog to new record $40.7 billion Revenue of $5.7 billion, up 12%, and 15% organically* Operating margin of 11.4% up 120 bps; Segment operating margin of 15.7% up 10 bps GAAP diluted EPS of $2.72, up 33% Guidance:...
L3Harris Technologies press release ( LHX ): Q1 GAAP EPS of $2.72 beats by $0.20 . Revenue of $5.7B (+11.8% Y/Y) beats by $290M . Orders of $7.8 billion; book-to-bill of 1.4x increases backlog to new record $40.7 billion Revenue of $5.7 billion, up 12%, and 15% organically* Operating margin of 11.4% up 120 bps; Segment operating margin of 15.7% up 10 bps GAAP diluted EPS of $2.72, up 33% Guidance: Revenue: $23B - $23.5B (vs. consensus of $23.44B; Diluted EPS: $11.40 - $11.60 (Prior: $11.30 - $11.50) (consensus at $11.67) Click to enlarge More on L3Harris Technologies L3Harris: Strong Results Coming, But A Weak Stock For The Near Term L3Harris: The Pentagon Buys, Wall Street Follows L3Harris Technologies, Inc. (LHX) Presents at JPMorgan Industrials Conference 2026 Transcript L3Harris files confidentially for IPO of its missile business L3Harris Technologies Q1 2026 Earnings Preview
Many people are hoping—nay, praying— that the potential AI bubble will burst soon. But to hear Google tell it, generative AI is the future, and the company's products have to change to keep up with the technical reality. As a result, Gemini is seeping into every nook and cranny of the Google ecosystem. Generative AI feeds on data, and Google has a lot of your data in products like Gmail and Drive....
Many people are hoping—nay, praying— that the potential AI bubble will burst soon. But to hear Google tell it, generative AI is the future, and the company's products have to change to keep up with the technical reality. As a result, Gemini is seeping into every nook and cranny of the Google ecosystem. Generative AI feeds on data, and Google has a lot of your data in products like Gmail and Drive. What does that mean for your privacy, and what happens if you don't want Gemini peeking over your shoulder? Well, it's kind of a mess. The amount of data Gemini retains depends on how you access the AI, and opting out of data collection can mean running straight into so-called " dark patterns ," UI elements that work against the user's interest. Read full article Comments
Trinity Industries press release ( TRN ): Q1 GAAP EPS of $0.32 misses by $0.02 . Revenue of $492M (-16.0% Y/Y) misses by $46.87M . Lease fleet utilization of 97.3% and FLRD of positive 1.2% at quarter-end Railcar deliveries of 1,970 and new railcar orders of 1,660 2026 Guidance Industry deliveries of approximately 25,000 railcars Net fleet investment of $350 million to $450 million Operating and a...
Trinity Industries press release ( TRN ): Q1 GAAP EPS of $0.32 misses by $0.02 . Revenue of $492M (-16.0% Y/Y) misses by $46.87M . Lease fleet utilization of 97.3% and FLRD of positive 1.2% at quarter-end Railcar deliveries of 1,970 and new railcar orders of 1,660 2026 Guidance Industry deliveries of approximately 25,000 railcars Net fleet investment of $350 million to $450 million Operating and administrative capital expenditures of $55 million to $65 million EPS of $2.20 to $2.40 vs $1.95 consensus Shares +10% PM. More on Trinity Industries Trinity Industries, Inc. 2025 Q4 - Results - Earnings Call Presentation Trinity Industries, Inc. (TRN) Q4 2025 Earnings Call Transcript Trinity Industries Q1 2026 Earnings Preview Trinity Industries beats top-line and bottom-line estimates; initiates FY26 outlook Seeking Alpha’s Quant Rating on Trinity Industries
Goodwood Art Foundation, West Sussex The late great land artist’s alfresco metal and concrete works are richly engaging and elemental – but the gallery material indoors lacks some heft It pays to think big if you’re an artist. You know, zoom out and try to get away from the minutiae of life, the tedium of the everyday, and think on a bit more of a universal scale instead. Land artist Nancy Holt (1...
Goodwood Art Foundation, West Sussex The late great land artist’s alfresco metal and concrete works are richly engaging and elemental – but the gallery material indoors lacks some heft It pays to think big if you’re an artist. You know, zoom out and try to get away from the minutiae of life, the tedium of the everyday, and think on a bit more of a universal scale instead. Land artist Nancy Holt (1938-2014) was a master at it; at using her work to place the body, and wider humanity, in a global, cosmic context. Holt and the other land artists of her generation – people like Michael Heizer , Richard Long and her partner, Robert Smithson – wanted to break out of the restrictions of paint and canvas, stone and chisel, gallery and museum. Land, nature, the world itself, was the medium. Goodwood is a fine setting for the biggest UK exhibition of her work to date – an expansive, lush estate in the middle of the rolling West Sussex countryside. There are two big sculptural installations placed around the grounds, Ventilation System and Hydra’s Head. In the first, a huge metallic mechanism pokes out of the vegetation around the main gallery; big tubular aluminium pipes, all interconnected, snaking their way around the place and back into the building. Continue reading...
Every World Cup, from Uruguay and Italy in 1930 and 1934, to Russia and Qatar in 2018 and 2022, has been to an extent about presenting an image to the world This was originally published in the newsletter The World Behind the Cup. Sign up for it here . Football fans will be well aware that in 1930 Uruguay both hosted and won the first World Cup, but less well known is the diplomatic backstory of t...
Every World Cup, from Uruguay and Italy in 1930 and 1934, to Russia and Qatar in 2018 and 2022, has been to an extent about presenting an image to the world This was originally published in the newsletter The World Behind the Cup. Sign up for it here . Football fans will be well aware that in 1930 Uruguay both hosted and won the first World Cup, but less well known is the diplomatic backstory of the country’s entry on to the international sporting stage. In the 1920s, Uruguay’s foreign minister, who led one of the country’s two rival football associations, coordinated with a diplomat serving in Switzerland to give his federation legitimacy by joining Fifa. The diplomat also entered Uruguay into the 1924 Olympic football tournament in Paris – which was emerging as the premier venue for global football. That provoked panic back in Uruguay: nobody had expected him to do that and nobody quite knew how they would afford it; a federation official ended up having to use his own house as collateral on a loan to pay for the team’s passage across the Atlantic. Once they got to Europe, Uruguay quickly won admiration. First in nine friendlies as they travelled through Spain and then at the Olympic Games itself, where they became by far the biggest draw. The great novelist Colette was even dispatched to the villa where Uruguay were staying to record her impressions for the newspaper Le Matin. Playing brilliant, coherent passing football, Uruguay took gold at the Games. This was originally published in the newsletter The World Behind the Cup. Sign up for it here . Continue reading...
After stalling at Real Madrid, the forward has found form on loan at Lyon and is desperate to make Carlo Ancelotti’s World Cup squad With less than a month to go before Carlo Ancelotti announces the Brazil squad for the World Cup, Endrick has been reborn in his nation’s canary yellow shirt. But the 19-year-old prodigy has struggled this season and had to overcome “a night of doubts” before Brazil ...
After stalling at Real Madrid, the forward has found form on loan at Lyon and is desperate to make Carlo Ancelotti’s World Cup squad With less than a month to go before Carlo Ancelotti announces the Brazil squad for the World Cup, Endrick has been reborn in his nation’s canary yellow shirt. But the 19-year-old prodigy has struggled this season and had to overcome “a night of doubts” before Brazil faced Croatia in late March. With opportunities limited at Real Madrid after the arrival of Xabi Alonso, Endrick was loaned to Lyon, where his comeback began. He has played 17 matches in France, scoring seven goals and providing seven assists. His form caught Ancelotti’s eye, but before that match in Orlando, the Brazil head coach said that Endrick was a player for the future, not for the present. Continue reading...
Beijing has pledged to expand vocational training for young jobseekers this year, as it looks to help millions of unemployed graduates find work in emerging industries such as robotics and AI. But the policy drive – which includes plans to encourage university graduates to return to technical school – has drawn mixed reactions from a generation already hit hard by China’s youth unemployment crunch...
Beijing has pledged to expand vocational training for young jobseekers this year, as it looks to help millions of unemployed graduates find work in emerging industries such as robotics and AI. But the policy drive – which includes plans to encourage university graduates to return to technical school – has drawn mixed reactions from a generation already hit hard by China’s youth unemployment crunch. The Ministry of Human Resources and Social Security vowed on Tuesday to upskill 1 million young...
The Bank of England kept interest rates on hold with several policymakers saying they might consider future hikes, just as oil prices soared within reach of the central bank’s most pessimistic scenario for the economy. The Monetary Policy Committee voted 8-1 in favor of leaving the benchmark rate at 3.75%, minutes from its latest meeting said on Thursday. Chief Economist Huw Pill was the sole diss...
The Bank of England kept interest rates on hold with several policymakers saying they might consider future hikes, just as oil prices soared within reach of the central bank’s most pessimistic scenario for the economy. The Monetary Policy Committee voted 8-1 in favor of leaving the benchmark rate at 3.75%, minutes from its latest meeting said on Thursday. Chief Economist Huw Pill was the sole dissenting voice on the panel but others signaled they could join him at upcoming meetings. Governor Andrew Bailey said holding rates was a “reasonable place” to be given softness in the UK economy but signaled they may need to rise in the event of continued substantial disruption to energy supplies. Gilts extended gains after the decision. The two-year yield, which tracks the central bank rate closely, fell as much as six basis points to 4.49%. The pound was little changed against the euro at 0.8664. Because of the high degree of unpredictability stemming from the conflict in Iran, the bank scrapped its central inflation projection, instead laying out three scenarios based on different paths for energy prices and second-round inflation effects. All three suggested that rates will need to rise, with the worst envisaging oil prices staying near $130 per barrel - a level oil markets came in sight of on Thursday morning ahead of the decision. Under that outcome, modeling used to show the possible effect on monetary policy pointed to rates needing to rise more sharply, by between 66 to 151 basis points. Several policymakers suggested that rates could soon rise if energy prices do not quickly come down. Deputy Governors Dave Ramsden and Clare Lombardelli , and external members Megan Greene and Catherine Mann all signaled financial conditions may need to be tightened. Still, the MPC noted that the tightening in financial conditions since the Iran war broke out, a subdued economy and weakening labor market will help constrain inflation. The panel stuck with language signaling it “stan...