Wells Fargo Chairman and CEO Charlie Scharf explains why he doesn't believe private credit is on the verge of collapse - but warns that investors may be underestimating the risks. He's on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 20 at the Economic Club of Washington, DC. (Source: Bloomberg)
Wells Fargo Chairman and CEO Charlie Scharf explains why he doesn't believe private credit is on the verge of collapse - but warns that investors may be underestimating the risks. He's on this week's episode of "The David Rubenstein Show: Peer to Peer Conversations." This interview was recorded April 20 at the Economic Club of Washington, DC. (Source: Bloomberg)
Earnings Call Insights: Element Solutions (ESI) Q1 2026 Management View "Element Solutions started 2026 strong. We reported a record quarter yesterday that demonstrates ongoing success with our strategy of penetrating the highest value, fastest-growing subsegments in our addressable markets." (CEO & Director Benjamin Gliklich) "Sales in our Electronics segment grew 15% organically as activity acce...
Earnings Call Insights: Element Solutions (ESI) Q1 2026 Management View "Element Solutions started 2026 strong. We reported a record quarter yesterday that demonstrates ongoing success with our strategy of penetrating the highest value, fastest-growing subsegments in our addressable markets." (CEO & Director Benjamin Gliklich) "Sales in our Electronics segment grew 15% organically as activity accelerated across our supply chain in support of the ongoing AI infrastructure build-out." (CEO & Director Gliklich) "Forecasts from customers are increasing and innovation cycles are accelerating." (CEO & Director Gliklich) "Organic net sales grew 10%, and constant currency adjusted EBITDA increased 21% year-over-year." (President of Enterprise Operations & CFO Carey Dorman) "Pass-through metals revenue was $256 million in the first quarter of 2026 and $101 million in the fourth quarter of 2025." (CFO Dorman) Outlook "We're raising our adjusted EBITDA guidance to a range of $665 million to $685 million for the full year." (CEO & Director Gliklich) "We expect second quarter adjusted EBITDA in the range of $155 million to $170 million, with demand conditions sequentially similar to the first quarter and taking into consideration some risk from raw material and logistics inflation that we may not recapture immediately despite ongoing sourcing and pricing actions." (CEO & Director Gliklich) "We now expect 2026 adjusted EPS growth in the high teens on a full year basis." (CEO & Director Gliklich) Compared with the prior quarter, management moved from "Our 2026 adjusted EBITDA guidance range is $650 million to $670 million" to "$665 million to $685 million" and added that the 2026 range "contemplates a less favorable FX tailwind than we expected a few months ago." (CEO & Director Gliklich) Financial Results "On this new basis, adjusted EBITDA margin improved 170 bps year-over-year to 27.8% this quarter." (CFO Dorman) "Adjusted EPS grew 21% in the first quarter, largely reflecting t...
Spotify (NYSE:SPOT) faces sharply divided Wall Street sentiment after its Q1 2026 earnings, with four firms cutting price targets while Rosenblatt issued a contrarian upgrade. Spotify stock closed at $434.20 on April 28, capping a 17% one-week decline. The reaction is striking given headline numbers beat expectations. Spotify’s EPS of $3.45 topped the $2.95 consensus, ... Wall Street Slashes Spoti...
Spotify (NYSE:SPOT) faces sharply divided Wall Street sentiment after its Q1 2026 earnings, with four firms cutting price targets while Rosenblatt issued a contrarian upgrade. Spotify stock closed at $434.20 on April 28, capping a 17% one-week decline. The reaction is striking given headline numbers beat expectations. Spotify’s EPS of $3.45 topped the $2.95 consensus, ... Wall Street Slashes Spotify Price Targets After Q1 Miss: Is the Subscriber Story Cracking?
Investors in Roblox Corp (Symbol: RBLX) saw new options begin trading today, for the November 20th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 205 days until expiration the newly trading contracts
Investors in Roblox Corp (Symbol: RBLX) saw new options begin trading today, for the November 20th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 205 days until expiration the newly trading contracts
In early trading on Wednesday, shares of Visa topped the list of the day's best performing Dow Jones Industrial Average components, trading up 10.0%. Year to date, Visa has lost about 3.0% of its value. And the worst performing Dow component thus far on the day is Home Depot,
In early trading on Wednesday, shares of Visa topped the list of the day's best performing Dow Jones Industrial Average components, trading up 10.0%. Year to date, Visa has lost about 3.0% of its value. And the worst performing Dow component thus far on the day is Home Depot,
Shipping through the Strait of Hormuz hasn’t stopped, but the cost of doing it has surged according to Marsh CEO John Doyle. He joined Bloomberg Open Interest to explain how insurers are reacting to geopolitical risk, why premiums may stay high even after tensions ease, and why cyber threats now top his list of concerns in the AI era. (Source: Bloomberg)
Shipping through the Strait of Hormuz hasn’t stopped, but the cost of doing it has surged according to Marsh CEO John Doyle. He joined Bloomberg Open Interest to explain how insurers are reacting to geopolitical risk, why premiums may stay high even after tensions ease, and why cyber threats now top his list of concerns in the AI era. (Source: Bloomberg)
bymuratdeniz/iStock via Getty Images Pulse Seismic Inc. ( PSD:CA ) is the owner of the largest bank of 2D and 3D seismic data in Western Canada. The primary users of this data are oil and gas companies looking to gain information on new areas, reinterpretations of existing structures, and new crown mineral locations, among others. The O&G industry has come a long way since the wildcatting days, wi...
bymuratdeniz/iStock via Getty Images Pulse Seismic Inc. ( PSD:CA ) is the owner of the largest bank of 2D and 3D seismic data in Western Canada. The primary users of this data are oil and gas companies looking to gain information on new areas, reinterpretations of existing structures, and new crown mineral locations, among others. The O&G industry has come a long way since the wildcatting days, with a focus on more efficient outcomes both from exploration and producing wells. Seismic data has helped to dramatically improve the efficiency, giving users of the data better detail on a large scale and with precision when required. Pulse Seismic has developed a substantial library of this data in a fossil fuel-rich area that it has been able to monetize through several different mechanisms. This article looks at Pulse Seismic’s business as well as the current macro environment it is operating in. The Company’s Seismic Data The company has both 2D and 3D seismic data in its library. 2D gives a wider mapping level to get an idea of geological formations. 3D data goes into further detail than 2D data but is focused on a smaller area. The company largely built its database by acquiring the data during the 2010s with a series of acquisitions. The value proposition for customers is quite clear; in the past, they may have had to do all their own data gathering for each property a customer may be investigating for economic viability. Rather than needing their own equipment and specialty, they can rent the data only for the relevant area needed. This saves the customer a lot of money. Similarly, Pulse Seismic can then monetize the data as often or for as long as a customer has interest in the properties. While most of Pulse’s customers are in the O&G industry, it is not limited to that, with customers in several other industries utilizing the data, including but not limited to lithium and geothermal. One of the drivers of the use of Pulse’s data is land transactions. As propertie...
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)
California drayage operator deploys Class 8 electric truck on live port freight lanes in a three-week pilot, advancing zero-emission goals for last-mile container moves. COMPTON, CA / ACCESS Newswire / April 29, 2026 / MDB, a Southern California drayage ...
California drayage operator deploys Class 8 electric truck on live port freight lanes in a three-week pilot, advancing zero-emission goals for last-mile container moves. COMPTON, CA / ACCESS Newswire / April 29, 2026 / MDB, a Southern California drayage ...
Los Angeles, CA, April 29, 2026 (GLOBE NEWSWIRE) -- Los Angeles, CA - April 29, 2026 - - DSCP Smart Fulfillment, a US-based third-party logistics provider, reports increased demand for hybrid fulfillment for e-commerce brands as Amazon FBA fee increases push sellers to adopt multi-channel strategies. The company, which operates fulfillment centers in Los Angeles, California, and New Brunswick, New...
Los Angeles, CA, April 29, 2026 (GLOBE NEWSWIRE) -- Los Angeles, CA - April 29, 2026 - - DSCP Smart Fulfillment, a US-based third-party logistics provider, reports increased demand for hybrid fulfillment for e-commerce brands as Amazon FBA fee increases push sellers to adopt multi-channel strategies. The company, which operates fulfillment centers in Los Angeles, California, and New Brunswick, New Jersey, has positioned itself to support brands transitioning from single-channel dependency to div
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it , Goldman forecast that global visible oil inventories are likely to reach record-low leve...
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it , Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April ). Moments ago the already precarious inventory picture turned even more ominous after the DOE reported that Crude stocks tumbled by a whopping 6.234 million barrels, far more than the 190K draw expected. The huge decline on US crude stockpiles was the largest draw since early February. It took nationwide storage numbers to around 459.5 million barrels. But it wasn't just crude: all other products drew as well: Crude -6.234MM, Exp. -190K, and much bigger than the 1.8-million-barrel decrease seen by the API on Tuesday Gasoline -6.075MM Distillates -4.494MM Cushing -796K Gasoline declines in the middle of their predicted range at 6.1 million barrels. That’s the biggest draw since earlier in April, but the bigger story is total supplies falling to their lowest since December . Seasonally, stocks are at their lowest since 2014. Gasoline futures got a nice bump on this, extending their gains to new intraday highs, though the big story, as ever, is the Strait of Hormuz . Visually Since the war started, Crude stocks had risen significantly, while gasoline inventories have seen non-stop draws. However, oil has now also inflected lower as it too starts to draw, painting an ominous picture for US gasoline prices which are already at multi-year highs. The big draw in distillate stocks - the largest since March 2025 - came from the Gulf Coast. That’s now below seasonal levels from 2022 in that region, when global diesel supplies were strained by the war in Ukraine. Distillate exports out of the US...
KeyBanc has lifted its price target on Intuitive Machines (NASDAQ:LUNR) stock to $27 from $26, while reiterating an Overweight rating. Analyst Michael Leshock points to accelerating demand for lunar initiatives led by the National Aeronautics and Space Administration (NASA) as the catalyst behind the bump. The price target raised by KeyBanc lands as Intuitive Machines ... KeyBanc Raises Intuitive ...
KeyBanc has lifted its price target on Intuitive Machines (NASDAQ:LUNR) stock to $27 from $26, while reiterating an Overweight rating. Analyst Michael Leshock points to accelerating demand for lunar initiatives led by the National Aeronautics and Space Administration (NASA) as the catalyst behind the bump. The price target raised by KeyBanc lands as Intuitive Machines ... KeyBanc Raises Intuitive Machines Price Target to $27: Is the Lunar Economy Finally Liftoff-Ready?
The digital bank and personal lender SoFi (NASDAQ: SOFI) delivered strong 134% net income growth and 43% net revenue growth. Results were roughly in line with what Wall Street analysts had expected. However, management left its full-year guidance unchanged, while its second-quarter revenue guidance came in slightly short of consensus estimates. The stock had sunk roughly 13%, as of 11:18 a.m. ET t...
The digital bank and personal lender SoFi (NASDAQ: SOFI) delivered strong 134% net income growth and 43% net revenue growth. Results were roughly in line with what Wall Street analysts had expected. However, management left its full-year guidance unchanged, while its second-quarter revenue guidance came in slightly short of consensus estimates. The stock had sunk roughly 13%, as of 11:18 a.m. ET today. Continue reading
Month-long mission to save animal in Baltic sea off Germany has attracted national frenzy Timmy the whale rescue attempt begins off coast of Germany – in pictures Attempts to rescue a young humpback whale that was stranded in shallow waters off the Baltic coast in Germany have been criticised by the International Whaling Commission as “inadvisable”. The 10m-long whale, variously nicknamed Timmy or...
Month-long mission to save animal in Baltic sea off Germany has attracted national frenzy Timmy the whale rescue attempt begins off coast of Germany – in pictures Attempts to rescue a young humpback whale that was stranded in shallow waters off the Baltic coast in Germany have been criticised by the International Whaling Commission as “inadvisable”. The 10m-long whale, variously nicknamed Timmy or Hope, swam on to a sand bank more than a month ago, and its health deteriorated as it repeatedly became stranded. Hopes were raised on Tuesday when divers helped the mammal on to a flooded barge . By Wednesday, the barge, pulled by a tug boat, had reached Danish waters as it headed towards the North Sea. Continue reading...