California's Climate Overreach Authored by Edward Ring via American Greatness, Even if the most dire climate scenarios are accurate, and humanity must transition away from fossil fuel, it can’t happen overnight. The rational approach is to first develop alternative sources of energy without precipitously destroying the industries that reliably produce oil and natural gas. Once alternatives are ava...
California's Climate Overreach Authored by Edward Ring via American Greatness, Even if the most dire climate scenarios are accurate, and humanity must transition away from fossil fuel, it can’t happen overnight. The rational approach is to first develop alternative sources of energy without precipitously destroying the industries that reliably produce oil and natural gas. Once alternatives are available at a competitive price and in sufficient quantities, demand naturally migrates to the alternatives. Meanwhile, the oil and gas industry, recognizing that their core business is to provide energy, actually stays healthy by also investing in the transition. None of that is happening in California. The approach the state’s politicians have chosen is irrational and predatory. For more than twenty years, they have legislated and litigated the state’s oil and gas companies down to a fraction of their former size, making up most of the resulting energy shortage not with alternative energy, but with imports. A recent and particularly brazen case of this ongoing harassment comes in the form of Senate Bill 982 , something that only last week came perilously close to moving to a floor vote. Under the moral masquerade of requiring restitution for allegedly causing climate change, which in turn allegedly caused wildfires, what this bill really amounted to was a state-sponsored shakedown. SB 982 is a vivid example of how California’s legislature is determined to cannibalize and ultimately destroy entire industries in order to pay for disasters of their own making. SB 982 would impose liability on fossil fuel companies for “climate-attributable damages,” expected to be assessed in billions of dollars. It would empower California’s attorney general to sue the state’s oil companies without even needing to prove fault, negligence, or specific causation by an individual company. This bill is not only legalized extortion, but also a total disregard for economic reality. Combustible fuel...
In this article META EL-FR Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money. In its first-quarter earnings report on Wednesday, Met...
In this article META EL-FR Follow your favorite stocks CREATE FREE ACCOUNT Meta CEO Mark Zuckerberg during the Meta Connect event in Menlo Park, California, Sept. 17, 2025. David Paul Morris | Bloomberg | Getty Images As Meta pumps increasing amounts of cash into artificial intelligence, the company's metaverse efforts continue to bleed money. In its first-quarter earnings report on Wednesday, Meta revealed that its Reality Labs division recorded an operating loss of $4.03 billion while bringing in $402 million in sales. Wall Street was projecting a loss of $4.82 billion on $488.8 million in first-quarter revenue. Meta's Reality Labs unit, which builds virtual reality and augmented reality technology as well as wearable devices, has accumulated over $80 billion in total operating losses since late 2020. Facebook founder Mark Zuckerberg changed the company's name to Meta in 2021, reflecting his view that work and play would move to the virtual world. That vision was interrupted by the generative AI boom, spawned by OpenAI's ChatGPT in late 2022. Meta has widely been viewed as a laggard in AI, but the company is investing heavily in infrastructure as well as new models and services to try and keep pace with OpenAI, Anthropic and Google . Zoom In Icon Arrows pointing outwards Reality Labs, meanwhile, is experiencing cuts. In January, Meta laid off roughly 1,000 Reality Labs employees as part of an effort to shift VR-related resources to AI-powered wearable devices, following the surprise success of the Ray-Ban Meta smart glasses developed in partnership with EssilorLuxottica . Meta conducted another round of job cuts in March that affected several hundred employees working across units like Reality Labs, Facebook, global operations, recruiting and sales. Meta said last week that it plans to eliminate 10% of its workforce , which equates to 8,000 employees, while ending efforts to fill 6,000 open roles. WATCH : Meta's more sophisticated AI model Muse Spark is here, with...
PM Images/DigitalVision via Getty Images iShares MSCI USA Momentum Factor ETF ( MTUM ) has the potential to deliver more than 20% in price return for shareholders in 2026, in-line with its average return in the past three years. While MTUM frequently changes its portfolio holdings to capitalize on a momentum factor based on the market conditions, its current portfolio appears well-balanced to achi...
PM Images/DigitalVision via Getty Images iShares MSCI USA Momentum Factor ETF ( MTUM ) has the potential to deliver more than 20% in price return for shareholders in 2026, in-line with its average return in the past three years. While MTUM frequently changes its portfolio holdings to capitalize on a momentum factor based on the market conditions, its current portfolio appears well-balanced to achieve solid risk-adjusted returns. In the trailing three and ten years, MTUM’s price return of 95% and 275% demonstrates the effectiveness of MTUM’s strategy over the long term. I maintain my buy rating on MTUM. Momentum Investing Can Flourish for the Fourth Consecutive Year MTUM price returns (Seeking Alpha) Momentum investing is deemed as one of the most powerful strategies to earn market-beating returns, specifically during bull runs and secular growth trends. In the trailing three-year bull run, MTUM’s momentum strategy delivered an impressive capital appreciation of 95%. On an annual basis, its average price return was 25% in the past three years. In 2026, iShares MSCI USA Momentum Factor ETF has the potential to deliver more than 20% in price return. My optimism in its share price upside is attributed to the strong stock market outlook. The key upside catalysts include a low interest rate environment compared to the previous years and the strongest earnings growth forecast in the last three years. The S&P 500 is expected to generate 18.5% earnings growth in 2026, the fastest pace in the past three years. In particular, the technology sector is likely to drive the uptrend, with expectations for a 38% year-over-year increase. Last year, the technology sector’s earnings grew 25% from the previous year. Although CME data indicates a low probability of a rate cut in the coming months due to the impact of higher oil prices on inflation, I believe a change in the Federal Reserve chair can fuel a policy shift. President Trump has criticized Jerome Powell over his tight interest...
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) delivered a blockbuster first quarter on Wednesday, posting revenue and earnings that handily topped Wall Street expectations, but investors were spooked by a steep increase in the company's capital expenditure outlook, sending shares down...
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) delivered a blockbuster first quarter on Wednesday, posting revenue and earnings that handily topped Wall Street expectations, but investors were spooked by a steep increase in the company's capital expenditure outlook, sending shares down...
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Fundamental Stocks to Invest in According to Billionaires. On April 22, Reuters reported that the company is targeting to open a chip packaging plant in Arizona by 2029. Modern AI chips, like the ones made by Nvidia, are not single chips. These are several chips […]
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the Best Fundamental Stocks to Invest in According to Billionaires. On April 22, Reuters reported that the company is targeting to open a chip packaging plant in Arizona by 2029. Modern AI chips, like the ones made by Nvidia, are not single chips. These are several chips […]
Amazon (AMZN) stock slipped late Wednesday after the tech giant reported first-quarter results that exceeded expectations, helped by strong cloud growth. The company's guidance for the current quarter was mixed. Amazon said that it earned $2.78 per share for the March-ended quarter, up 74% from a year earlier. Helped by pre-tax gains from Amazon's Anthropic investment, the EPS beat the $1.63...
Amazon (AMZN) stock slipped late Wednesday after the tech giant reported first-quarter results that exceeded expectations, helped by strong cloud growth. The company's guidance for the current quarter was mixed. Amazon said that it earned $2.78 per share for the March-ended quarter, up 74% from a year earlier. Helped by pre-tax gains from Amazon's Anthropic investment, the EPS beat the $1.63...
Wireless chipmaker Qualcomm (NASDAQ:QCOM) met Wall Street’s revenue expectations in Q1 CY2026, but sales fell by 2.2% year on year to $10.6 billion. On the other hand, next quarter’s revenue guidance of $9.6 billion was less impressive, coming in 6.4% below analysts’ estimates. Its non-GAAP profit of $2.65 per share was 3.6% above analysts’ consensus estimates.
Wireless chipmaker Qualcomm (NASDAQ:QCOM) met Wall Street’s revenue expectations in Q1 CY2026, but sales fell by 2.2% year on year to $10.6 billion. On the other hand, next quarter’s revenue guidance of $9.6 billion was less impressive, coming in 6.4% below analysts’ estimates. Its non-GAAP profit of $2.65 per share was 3.6% above analysts’ consensus estimates.
Alphabet (GOOG, GOOGL) reported first quarter results on Wednesday after the closing bell. Total revenue came in at $109.9 billion (compared to analyst estimates of $107.1 billion), Google Cloud revenue came in at $20.03 billion (compared to analyst estimates of $18.41 billion), and capital expenditures (CapEx) came in at $35.67 billion (compared to analyst estimates of $36.39 billion). Yahoo Fina...
Alphabet (GOOG, GOOGL) reported first quarter results on Wednesday after the closing bell. Total revenue came in at $109.9 billion (compared to analyst estimates of $107.1 billion), Google Cloud revenue came in at $20.03 billion (compared to analyst estimates of $18.41 billion), and capital expenditures (CapEx) came in at $35.67 billion (compared to analyst estimates of $36.39 billion). Yahoo Finance's Josh Lipton and Aptus Capital Advisors portfolio manager and head of equity David Wagner take a closer look at the breaking numbers.
Amazon.com Inc. ’s cloud unit posted its fastest quarterly growth in more than three years, bolstered by new data center capacity and an increasing slice of business from Anthropic and OpenAI. Still, capital spending for that effort jumped to $44.2 billion in the first quarter, exceeded analysts’ expectations, a sign that Amazon is seeing higher expenses for the build-out than anticipated. Sales b...
Amazon.com Inc. ’s cloud unit posted its fastest quarterly growth in more than three years, bolstered by new data center capacity and an increasing slice of business from Anthropic and OpenAI. Still, capital spending for that effort jumped to $44.2 billion in the first quarter, exceeded analysts’ expectations, a sign that Amazon is seeing higher expenses for the build-out than anticipated. Sales by Amazon Web Services, which accounts for about a fifth of Amazon’s revenue and most of its operating profit, were $37.6 billion during the first three months of 2026, up 28% from the prior year. That’s the fastest growth rate since the second quarter of 2022. Amazon in recent months has invested in the two leading AI startups — OpenAI and Anthropic PBC — in deals that committed the labs to spend more than $100 billion on AWS services in the coming years. Those tie-ups have helped assuage investor concerns about slowing AWS growth and Amazon’s lack of a hit consumer AI product on par with OpenAI’s ChatGPT, Anthropic’s Claude or Alphabet Inc.’s Gemini. Amazon Chief Executive Officer Andy Jassy has said that the company aims to spend about $200 billion this year — a 56% increase from 2025 — mostly on data centers, including those customized for AI services. The shares were little changed in extended trading after closing at $263.04 in New York. The stock has gained 14% this year. Overall, first-quarter revenue increased 17% to $181.5 billion, the Seattle-based company said Wednesday in a statement . Analysts, on average, estimated $177.2 billion, according to data compiled by Bloomberg.
Amazon.com Inc. is spending at a rapid rate to expand data center capacity to meet the intense demand for artificial intelligence computing power, fueling the fastest quarterly sales growth for its cloud unit in more than three years. The company reported $151 billion in property and equipment expenses over the 12 months through March 31 — $57.9 billion more than in the same period a year earlier ...
Amazon.com Inc. is spending at a rapid rate to expand data center capacity to meet the intense demand for artificial intelligence computing power, fueling the fastest quarterly sales growth for its cloud unit in more than three years. The company reported $151 billion in property and equipment expenses over the 12 months through March 31 — $57.9 billion more than in the same period a year earlier — as it sought to gain an increasing slice of business from leading AI startups Anthropic PBC and OpenAI. Sales at Amazon Web Services, which accounts for about a fifth of Amazon’s revenue and most of its operating profit, were $37.6 billion during the first three months of 2026, up 28% from the prior year, the company said Wednesday in a statement . That’s the fastest growth rate since the second quarter of 2022. Amazon in recent months has invested in OpenAI and Anthropic in deals that committed each lab to spend at least $100 billion on AWS services in the coming years. Those tie-ups have helped assuage investor concerns about slowing AWS growth and Amazon’s lack of a hit consumer AI product on par with OpenAI’s ChatGPT, Anthropic’s Claude or Alphabet Inc.’s Gemini. “The AI labs are spending an incredible amount of money on compute at this point,” Amazon Chief Executive Andy Jassy said on a conference call with analysts. The company’s backlog of contracts that are expected to materialize as sales in future quarters, primarily from AWS customers, were $364 billion, up 93% from a year earlier, executives said on the call. That figure doesn’t include Anthropic’s recent commitment. Jassy made the case for Amazon’s position as a builder of infrastructure for companies developing AI services, as well as other businesses experimenting with the technology. Amazon’s Trainium line of custom AI chips, many of which are pledged to OpenAI and Anthropic, has “over $225 billion in revenue commitments,” he said. The company last week announced a multibillion-dollar commitment from Meta ...
Technology giant Microsoft (NASDAQ:MSFT) reported Q1 CY2026 results beating Wall Street’s revenue expectations, with sales up 18.3% year on year to $82.89 billion. Its GAAP profit of $4.27 per share was 5.5% above analysts’ consensus estimates.
Technology giant Microsoft (NASDAQ:MSFT) reported Q1 CY2026 results beating Wall Street’s revenue expectations, with sales up 18.3% year on year to $82.89 billion. Its GAAP profit of $4.27 per share was 5.5% above analysts’ consensus estimates.