Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia, adding more pressure on the nation’s refinery runs that hit multi-year lows in April. Drones hit an oil refinery in Yaroslavl, about 282 kilometers (175 miles) northeast of Moscow, overnight, according to Ukraine’s President Volodymyr Zelenskiy . There were also fresh strikes on the Permnefteorgsintez ...
Ukraine said it struck two major fuel-producing facilities and an oil pumping station in Russia, adding more pressure on the nation’s refinery runs that hit multi-year lows in April. Drones hit an oil refinery in Yaroslavl, about 282 kilometers (175 miles) northeast of Moscow, overnight, according to Ukraine’s President Volodymyr Zelenskiy . There were also fresh strikes on the Permnefteorgsintez refinery in Perm and a nearby oil pumping station, both about 1,500 kilometers east of the Russian capital, and hit earlier in the week, the country’s Security Service SBU said on Telegram. A fire broke out at one of the crude-processing units at the refinery and a reservoir tank was hit at the station, it added. The refineries are among Russia’s 10 biggest fuel-producing facilities. The Yaroslavl plant, which is co-owned by Rosneft PJSC and Gazprom Neft PJSC , can process around 300,000 barrels per day. The Perm refinery, owned by Lukoil PJSC , has the capacity for about 260,000 barrels. The Perm pumping station is on the Russian trunk pipeline network that moves crude from western Siberia into central Russia, as well as Lukoil’s refinery. Ukraine has intensified strikes on Russia’s oil infrastructure this spring, targeting assets from refineries to sea terminals, almost daily, to reduce the windfall revenues that Moscow is reaping from the current global oil rally. The April attacks have cut average daily runs at Russian refineries to their lowest level since December 2009 , according to estimates from the analytics firm OilX. READ MORE: Ukraine Ramps Up Drone Strikes Ahead of Moscow’s Parade Lukoil, Gazprom Neft and Transneft PJSC , the state-run oil pipeline operator, didn’t immediately respond to requests for comments. The governor of the Yaroslavl region, Mikhail Yevrayev, said in a Telegram statement that an unidentified industrial facility was hit by drones and a fire was quickly extinguished. The governor of Perm region, Dmitry Makhonin, said Ukrainian drones had s...
Klaus Vedfelt/DigitalVision via Getty Images With earnings season in full swing and attention seemingly captivated with movements in the Middle East and their associated impacts on the oil economy , one could view the monthly jobs release as a pleasant change of scenery. The April release showing job additions exceeding expectations also provides for a positive end to the trading week. Preliminary...
Klaus Vedfelt/DigitalVision via Getty Images With earnings season in full swing and attention seemingly captivated with movements in the Middle East and their associated impacts on the oil economy , one could view the monthly jobs release as a pleasant change of scenery. The April release showing job additions exceeding expectations also provides for a positive end to the trading week. Preliminary signs of today's jobs release were released on Wednesday with the private sector ADP report , which showed 109K job additions, the best mark in almost a year and a half. Granted, while the calculus for the ADP report and the Labor Department's release are different in significant ways, the report still provided a slight preview of what's to come, in my view. Ahead of the release, market indexes were continuing to power higher on the backs of AI-fueled optimism, as well as a fairly decent earnings season so far. The Dow Jones Industrial Average ( DJI ), Nasdaq Composite ( NDX ), and S&P 500 ( SPY ) have all traded higher through the trading week. Seeking Alpha - 1-MTH Returns Of DJI, SP500, & NDX Futures also remained higher prior to today's release and held in the immediate time post-release. In my view, the data marked a return to normal following two months of healthcare-related distortions. The better-than-expected reading also showed that the bar for health remains around the 50K to 100K mark, with higher readings increasingly possible. Here's what to know about the April jobs report. What Sectors Added Jobs in April? Job growth was fairly broad-based in April, with most sectors adding 20K jobs or more. This was a positive sign following the gains that were concentrated mainly over health care last month. BLS - Summary Of Employment Change By Industry In April On an overall basis, employers added 115K jobs in April, well above the 55K jobs expected. Driving the gains were health care and the transportation and warehousing sectors, each of which added 37K and 30K jobs, ...
US Jobs Jump 115K, Smashing Estimates; Unemployment Rate Unchanged At 4.3% In his preview of today's NFP report, Goldman's Delta One head wrote that " NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained F...
US Jobs Jump 115K, Smashing Estimates; Unemployment Rate Unchanged At 4.3% In his preview of today's NFP report, Goldman's Delta One head wrote that " NFP almost feels like a sideshow at this point. You can argue weak labor data gives a Warsh led Fed enough cover to cut, but with oil and input inflation still elevated there’s also an argument that a weakening labor market alongside a constrained Fed is actually the more difficult combination for risk assets. " With that in mind, moments ago the BLS reported that in April the US added a red hot 115K, above the median consensus of 65K (and near the upper end of the forecast range which peaked at 133K), down from an upward revised (for once) 185K (originally 178K). This was the first back to back gain in jobs in a year. The change in February jobs was revised down by 23,000, from -133,000 to -156,000, and the change for March was revised up by 7,000, from +178,000 to +185,000. With these revisions, employment in February and March combined is 16,000 lower than previously reported A look below the surface reveals a less impressive picture: while payrolls rose to a new record high, actual employment has dropped to the lowest since January 2025... ... as the monthly change in payrolls has disconnected dramatically from actual jobs, which dropped by 226K in April and are now down 4 months in a row! Also worth noting: while it's seasonal, in April the US saw 391K jobs added only in speadsheets thanks to a surge in Birth/Death model adjustments, the highest since October, and clearly a revision of the previous trend of revising birth death adjustments lower. The unemployment rate was unchanged at 4.3%, in line with expectations, which is odd since all major ethnic groups saw their unemployment rate increase ... ... while the Labor Force Participation Rate dipped to 61.8% from 61.9%. The employment-population ratio, at 59.1 percent, changed little in April. These measures edged down over the year after accounting for annual p...
William Barton/iStock Editorial via Getty Images London-based HSBC Holdings ( HSBC ) has "substantially completed" the review of its lending procedures, which comes in the wake of a $400M provision booked over a fraud in its UK business, Reuters reported , citing Chairman Brendan Nelson. Shares were 0.85% higher at $89.73 during pre-market trading on Friday. Higher credit losses had adversely impa...
William Barton/iStock Editorial via Getty Images London-based HSBC Holdings ( HSBC ) has "substantially completed" the review of its lending procedures, which comes in the wake of a $400M provision booked over a fraud in its UK business, Reuters reported , citing Chairman Brendan Nelson. Shares were 0.85% higher at $89.73 during pre-market trading on Friday. Higher credit losses had adversely impacted first-quarter profit at the London-based bank. The provision was said to be linked to the collapse of the U.K.-based mortgage finance firm Market Financial Solutions, given HSBC's exposure via Apollo Global Management ( APO ) unit Atlas SP. So far, HSBC determines the issue to be a one-off rather than systemic, and the bank expects to recover some of the money, the Reuters report published on Friday, May 8, said. "We haven't booked a loss yet, at the moment it is just a provision, there is a long way to go before we determine the actual amount lost," Nelson reportedly told shareholders when questioned about HSBC's risk management and lending procedures at the annual shareholder meeting in London on Friday. More on HSBC Holdings HSBC: Upside, But Not At This Valuation HSBC Holdings plc (HSBC) Q1 2026 Earnings Call Transcript HSBC Holdings plc (HSBC) Presents at European Financials Conference 2026 Transcript Ten foreign financial stocks, ten strong buy ratings HSBC trades lower as higher credit losses hit Q1 profit
In this article DRAM Follow your favorite stocks CREATE FREE ACCOUNT The Micron Technology offices in San Jose, California, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images The fastest-growing ETF in years is the latest AI play to go skyward – in more ways than one. Roundhill Investment's Memory ETF (DRAM) tracking the red-hot memory sector has raised more than $5 billion since its Apri...
In this article DRAM Follow your favorite stocks CREATE FREE ACCOUNT The Micron Technology offices in San Jose, California, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images The fastest-growing ETF in years is the latest AI play to go skyward – in more ways than one. Roundhill Investment's Memory ETF (DRAM) tracking the red-hot memory sector has raised more than $5 billion since its April 2 launch, including $1.1 billion on Thursday alone. It started out of the gates red hot, garnering $1 billion its first 10 days of trading, a milestone that trails only the big bitcoin ETFs rollout three years go and the debuts of iShare's popular 'LQD' bond fund, the staple GLD gold ETF from SPDR, and JP Morgan's BBCA Canadian equity fund, according to Goldman. "Memory has been identified as the clear AI bottleneck and there's a shortage of these chips that's going to last not for a quarter but multiple years," Roundhill CEO Dave Mazza said on the phone. Stock Chart Icon Stock chart icon Roundhill Memory ETF DRAM's seen inflows every single day since launch, a 23-session streak that's happening alongside a 70% rally in the price of the ETF as top holdings like Micron and Sandisk set records on a daily basis. Big call buying Options traders eager for new ways to trade the AI boom are storming into Cboe-listed DRAM, with over 90,000 contracts traded Thursday and almost twice as many calls bought than puts. The fund is already in the top 40 of all U.S.-listed ETFs by options volume. Another reason for the fund's popularity: it includes Korea's star chip stocks SK Hynix and Samsung Electronics. "These are two of the biggest memory companies and they're essentially inaccessible for U.S. investors," said Mazza. "If you buy a South Korea ETF, you're gonna get other stuff you don't want. And if you buy a semiconductor ETF, the weight of companies like Micron is too small." Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in busine...
格隆汇5月8日｜50 Park Investments首席执行官亚当·萨尔汉表示，此次就业报告略强于预期，既不太热也不太冷。数据没有强劲到会引发更多通胀、给美联储制造麻烦的程度，但也足以缓解市场对滞胀和经济放缓的担忧。一切归根结底都取决于美联储。失业率并未走高，市场可以放心地确认其对美联储来说仍然处于低位。
格隆汇5月8日｜50 Park Investments首席执行官亚当·萨尔汉表示，此次就业报告略强于预期，既不太热也不太冷。数据没有强劲到会引发更多通胀、给美联储制造麻烦的程度，但也足以缓解市场对滞胀和经济放缓的担忧。一切归根结底都取决于美联储。失业率并未走高，市场可以放心地确认其对美联储来说仍然处于低位。
Earnings Call Insights: Marcus & Millichap (MMI) Q1 2026 Management view "We're pleased to report a strong start to the year with revenue growth of 18% over the first quarter of 2025," said President, CEO & Director Hessam Nadji. "Brokerage revenue grew nearly 12% year-over-year, while our financing business delivered a stellar 48% increase." "MMI completed nearly 1,400 brokerage transactions in t...
Earnings Call Insights: Marcus & Millichap (MMI) Q1 2026 Management view "We're pleased to report a strong start to the year with revenue growth of 18% over the first quarter of 2025," said President, CEO & Director Hessam Nadji. "Brokerage revenue grew nearly 12% year-over-year, while our financing business delivered a stellar 48% increase." "MMI completed nearly 1,400 brokerage transactions in the first quarter, a 15% increase," said CEO Nadji. "Transactions per agent increased 11%." "Office transactions delivered the largest gains in several years, thanks to significant price resets and an improving space demand driven by a growing return to office mandates," said CEO Nadji. "Activity was also strong in multifamily, manufactured housing and single-tenant retail." "MMI's financing revenue reached $27 million in the quarter, a 48% increase," said CEO Nadji. "Total financing volume grew 60% across nearly 400 finance transactions," and "acquisition financing...accounted for 61% of originations, up from 50% a year ago." "We ended the quarter with 1,621 investment brokers, up 87 from the first quarter of 2025," said CEO Nadji, adding that the company had "a larger-than-usual seasonal reduction" tied to "the proactive termination of 2- to 3-year agents in development who are falling short of key metrics." "Our balance sheet remains a competitive advantage with approximately $335 million in cash and no debt," said CEO Nadji. "MMI has achieved the flexibility to invest in our platform, continue to pursue its strategic acquisitions and return capital to shareholders all at the same time." "Total revenue for the first quarter was $171.5 million, an increase of 18% compared to $145 million in the prior year quarter," said Executive VP & CFO Steve DeGennaro. "This represents the strongest first quarter revenue growth in 4 years." Outlook "Second quarter revenue is expected to reflect continued year-over-year improvement, building on Q1 momentum," said CFO DeGennaro, while add...
Co-Diagnostics’ ( CODX ) JV CoMira Diagnostics announced on Friday it finalized a lease for a ~14.4K sq. ft. manufacturing facility in the Kingdom of Saudi Arabia’s Sudair Industrial City. The facility will support production of diagnostic instruments, lab testing equipment, and medical consumables tied to Co-Dx PCR technology. The company said the project aligns with the Kingdom of Saudi Arabia’s...
Co-Diagnostics’ ( CODX ) JV CoMira Diagnostics announced on Friday it finalized a lease for a ~14.4K sq. ft. manufacturing facility in the Kingdom of Saudi Arabia’s Sudair Industrial City. The facility will support production of diagnostic instruments, lab testing equipment, and medical consumables tied to Co-Dx PCR technology. The company said the project aligns with the Kingdom of Saudi Arabia’s Vision 2030 plans to strengthen local healthcare manufacturing and supply chains. Moreover, it plans to expand local manufacturing in Saudi Arabia and the MENA region to support government healthcare contracts. Following the announcement, CODX stock surged ~16% to $2.24 in premarket trading from Thursday’s closing price of $1.93. Source: Press Release More on Co-Diagnostics Co-Diagnostics, Inc. (CODX) Q4 2025 Earnings Call Transcript Co-Diagnostics anticipates India TB test commercialization by Q3 '26 while exploring CoSara SPAC options Seeking Alpha’s Quant Rating on Co-Diagnostics Historical earnings data for Co-Diagnostics Financial information for Co-Diagnostics
J-Star Holding ( YMAT ) said on Friday that it has signed a non-binding memorandum of understanding (MOU) with Singapore-based White Group to support capital formation for a planned automated solid-state battery production facility in Baytown, Texas. Under the agreement, White Group will work with J-Star to identify and introduce potential U.S.-based private equity partners for a proposed $100M in...
J-Star Holding ( YMAT ) said on Friday that it has signed a non-binding memorandum of understanding (MOU) with Singapore-based White Group to support capital formation for a planned automated solid-state battery production facility in Baytown, Texas. Under the agreement, White Group will work with J-Star to identify and introduce potential U.S.-based private equity partners for a proposed $100M investment to support construction, automation, and technical development of the Baytown facility. The financing initiative is presented as complementary to J-Star’s previously announced strategic partnership with Patriot Green Energy Technology (PSSB) to develop polymer-based solid-state battery solutions and to a jointly submitted U.S. Department of Energy (DOE) grant application for the project. J-Star said the Baytown initiative targets a 100 megawatt-hour (MWh) modular production line aimed at unmanned aerial vehicle (UAV) and drone markets and that the project plans include a fully automated U.S. production line intended to supply high-density batteries for aerospace, defense, and dual-use drone applications. Proceeds from the expected financing are intended to support the completion of the 100 MWh automated production line, procurement of customized automated manufacturing systems, technology transfer, workforce training, infrastructure development, and achievement of technical milestones required for federal funding and customer qualification. Source: Press Release More on J-Star Holding Co., Ltd. Financial information for J-Star Holding Co., Ltd.
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at what a damning court ruling means for South Africa’s president. And: Tensions are flaring in the Horn of Africa again Nigerian markets are among the world’s best China is going even bigger into Congo copper Ramaphosa’s...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at what a damning court ruling means for South Africa’s president. And: Tensions are flaring in the Horn of Africa again Nigerian markets are among the world’s best China is going even bigger into Congo copper Ramaphosa’s Uncomfortable Couch It’s a scandal that just won’t go away. Cyril Ramaphosa’s presidency is at risk again after a damning ruling by South Africa’s top court paved the way for an impeachment inquiry. Four years ago, the president considered resigning after an advisory panel suggested he had breached the constitution over his handling of the theft of hundreds of thousands of dollars stashed in a sofa at his game farm. Parliament quashed that report, effectively blocking an official hearing, and he went on to be re-elected as leader of the African National Congress, securing his position as president for a second term. On Friday, the Constitutional Court ruled the decision by the National Assembly to set aside the inquiry’s findings was unlawful and that it must revive a process to decide if Ramaphosa is fit to remain head of Africa’s biggest economy. The president has denied wrongdoing and separate investigations by the central bank and graft ombudsman cleared him . The next round of the so-called cash-in-a-sofa saga, though, comes at a far trickier time for both Ramaphosa and his ANC. The party no longer holds a majority in parliament that would rubber stamp the support he would need, should it get to an impeachment vote. And his clout is waning given his two-term ANC leadership comes to an end in December next year anyway. It will also cloud campaigning for November local elections in which the ANC is expected to hemorrhage support compared with 2021. That will offer added ammunition for those positioning to succeed him to urge the president to step aside. There are risks ...