Key PointsRobison disposed of 5,439 shares across direct and indirect accounts, yielding a transaction value of ~$150,000 based on the weighted average price of $27.60 per share on May 1, 2026.
Key PointsRobison disposed of 5,439 shares across direct and indirect accounts, yielding a transaction value of ~$150,000 based on the weighted average price of $27.60 per share on May 1, 2026.
⚽ FA Cup semi-final updates from the 3.30pm BST kick-off ⚽ Liverpool 2-3 Brighton | Follow us on Bluesky | Mail John And Tom’s story on Shaw’s departure: On the champions of England, from the excellent Tom Garry. Nineteen of City’s 58 goals have been scored by Shaw, who has been the star of the show. The focal point of the attack, she has looked unstoppable and will surely be named as the WSL’s pl...
⚽ FA Cup semi-final updates from the 3.30pm BST kick-off ⚽ Liverpool 2-3 Brighton | Follow us on Bluesky | Mail John And Tom’s story on Shaw’s departure: On the champions of England, from the excellent Tom Garry. Nineteen of City’s 58 goals have been scored by Shaw, who has been the star of the show. The focal point of the attack, she has looked unstoppable and will surely be named as the WSL’s player of the season. City have also had great weapons down the flanks, with the England winger Lauren Hemp on one side and the Netherlands right-back Kerstin Casparij surging forward on the other. They are lethal from set pieces, too, aided by the deliveries from Greenwood, whose career total of 19 WSL assists from set pieces is a record. Continue reading...
A man has died after chasing a suspected thief and falling from an industrial building in Hong Kong, according to police. The force received a report around 5.15pm on Sunday about a man who had found someone stealing cables at the Kimball Industrial Building in Kwun Tong and chased the suspect. The victim, who works in the premises, was later found to have fallen from the building, on to the air-c...
A man has died after chasing a suspected thief and falling from an industrial building in Hong Kong, according to police. The force received a report around 5.15pm on Sunday about a man who had found someone stealing cables at the Kimball Industrial Building in Kwun Tong and chased the suspect. The victim, who works in the premises, was later found to have fallen from the building, on to the air-conditioning pipes on the facade of the third floor. He was certified dead after being rushed to...
What Would Be Truly Bullish? Actually Fixing What's Broken Authored by Charles Hugh Smith via Of Two Minds , We've come to an interesting juncture in history, interesting because while we're being assured that AI will solve all problems, including any it creates, back in the real world, AI is incapable of fixing what's broken because too many people are getting rich off the status quo, and since t...
What Would Be Truly Bullish? Actually Fixing What's Broken Authored by Charles Hugh Smith via Of Two Minds , We've come to an interesting juncture in history, interesting because while we're being assured that AI will solve all problems, including any it creates, back in the real world, AI is incapable of fixing what's broken because too many people are getting rich off the status quo, and since the status quo is the problem, those who own / control AI will use it to maintain the status quo, guaranteeing that what's broken spirals into irreversible breakdown. Richard Bonugli and I discuss what's fatally broken in a new podcast on what it will take to become Bullish (32 min). Let's start with what's "obvious": letting what's broken fester until it implodes the status quo is not bullish , and neither is substituting delusion and denial for a realistic appraisal of what's actually broken--the essential observe and orient steps in the OODA loop ( observe, orient, decide, act ). I've often described the two dynamics that are broken that AI can't fix because those who own / control AI are using it to increase the asymmetrical distribution of wealth and income that are the source of breakdown. Consider healthcare. Everyone except the managers / owners / shareholders of healthcare / pharma cartels agrees healthcare is fundamentally broken and is bankrupting households, employers and the government / nation. Those profiteering off the status quo healthcare system claim AI is going to reduce costs. They fail to mention this won't reduce the price , it will only serve to increase their profits. Cut costs by replacing human labor with AI tools, yea, we reap even higher profits. Nobody is claiming healthcare will magically become affordable because a truly affordable healthcare system wouldn't be as profitable because it wouldn't be as open to exploitation, fraud, profiteering, extraction and parasitic pricing. In the same way, AI can't solve the other fatal dynamic--widening we...
nayuki/iStock Editorial via Getty Images There is an increasingly popular belief that the AI era will mainly reward whichever company trains the largest model. That view may end up being one of the biggest mistakes when analyzing the current landscape. Apple ( AAPL ) is not merely trying to compete in the frontier model arms race. Instead, it is about positioning itself at the most critical point ...
nayuki/iStock Editorial via Getty Images There is an increasingly popular belief that the AI era will mainly reward whichever company trains the largest model. That view may end up being one of the biggest mistakes when analyzing the current landscape. Apple ( AAPL ) is not merely trying to compete in the frontier model arms race. Instead, it is about positioning itself at the most critical point in the system while others blow through capital trying to keep up. Avoiding the Capital Burn Game The market largely still likes to frame AI as a battle between OpenAI, Google ( GOOG ) ( GOOGL ), Anthropic, and xAI. That old way of viewing things is quickly becoming outdated. Apple is a fascinating pick because it does not even have to participate in the capital-incinerating race in the same way. Instead, the company is positioned to remain the unavoidable toll booth through which AI experiences flow through. This is undoubtedly the most compelling part of the thesis. Apple can continue to collaborate with frontier model developers while focusing on tailoring the experience around its ecosystem. Reports indicate Apple plans to allow users to select rival AI models directly within future operating systems. This involves increasingly deep integrations of Anthropic and Google AI. Apple is still collecting a toll on the wider and more highly competitive AI market without having to absorb the same infrastructure burden. The great thing about Apple’s position is that the company can keep evolving its platform while others are paying exorbitant amounts for GPUs and datacenter expansion. Apple invests large amounts of capital, but rather than chasing the most mind-boggling valuations through speculative model leadership, it is using its vast reserves of capital to deepen ecosystem lock-in. More impressive is the fact that Apple already earned a good deal of credibility with consumers regarding privacy and device integration. That is incredibly important as AI becomes more personal ...
nayuki/iStock Editorial via Getty Images There is an increasingly popular belief that the AI era will mainly reward whichever company trains the largest model. That view may end up being one of the biggest mistakes when analyzing the current landscape. Apple ( AAPL ) is not merely trying to compete in the frontier model arms race. Instead, it is about positioning itself at the most critical point ...
nayuki/iStock Editorial via Getty Images There is an increasingly popular belief that the AI era will mainly reward whichever company trains the largest model. That view may end up being one of the biggest mistakes when analyzing the current landscape. Apple ( AAPL ) is not merely trying to compete in the frontier model arms race. Instead, it is about positioning itself at the most critical point in the system while others blow through capital trying to keep up. Avoiding the Capital Burn Game The market largely still likes to frame AI as a battle between OpenAI, Google ( GOOG ) ( GOOGL ), Anthropic, and xAI. That old way of viewing things is quickly becoming outdated. Apple is a fascinating pick because it does not even have to participate in the capital-incinerating race in the same way. Instead, the company is positioned to remain the unavoidable toll booth through which AI experiences flow through. This is undoubtedly the most compelling part of the thesis. Apple can continue to collaborate with frontier model developers while focusing on tailoring the experience around its ecosystem. Reports indicate Apple plans to allow users to select rival AI models directly within future operating systems. This involves increasingly deep integrations of Anthropic and Google AI. Apple is still collecting a toll on the wider and more highly competitive AI market without having to absorb the same infrastructure burden. The great thing about Apple’s position is that the company can keep evolving its platform while others are paying exorbitant amounts for GPUs and datacenter expansion. Apple invests large amounts of capital, but rather than chasing the most mind-boggling valuations through speculative model leadership, it is using its vast reserves of capital to deepen ecosystem lock-in. More impressive is the fact that Apple already earned a good deal of credibility with consumers regarding privacy and device integration. That is incredibly important as AI becomes more personal ...
The iShares Core S&P Small-Cap ETF (NYSEMKT:IJR) provides a highly liquid, massive asset base for small-cap exposure, while the iShares Morningstar Small-Cap ETF (NYSEMKT:ISCB) offers a lower price tag and broader diversification. Small-cap stocks often provide higher growth potential than large-cap peers, though they typically come with increased price swings. While both exchange-traded funds (ET...
The iShares Core S&P Small-Cap ETF (NYSEMKT:IJR) provides a highly liquid, massive asset base for small-cap exposure, while the iShares Morningstar Small-Cap ETF (NYSEMKT:ISCB) offers a lower price tag and broader diversification. Small-cap stocks often provide higher growth potential than large-cap peers, though they typically come with increased price swings. While both exchange-traded funds (ETFs) focus on this corner of the market, they differ in their selection criteria and portfolio depth, influencing their risk and return profiles. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Even though we're not even halfway through 2026, there's already a lot of chatter about next year's Social Security cost-of-living adjustment (COLA). It's easy to see why. Inflation picked up in March in the wake of the Iran conflict. Now, many retirees and their younger counterparts alike are struggling with higher costs. Image source: Getty Images. Continue reading
Even though we're not even halfway through 2026, there's already a lot of chatter about next year's Social Security cost-of-living adjustment (COLA). It's easy to see why. Inflation picked up in March in the wake of the Iran conflict. Now, many retirees and their younger counterparts alike are struggling with higher costs. Image source: Getty Images. Continue reading
Brighton fought back from 2-0 down away against Liverpool to win a classic Women’s FA Cup semi-final and book a place at Wembley for the first time in their women’s team’s history. The substitute Nadine Noordam’s 95th-minute winner sparked wild celebrations for Brighton, who had been on top throughout the second half before her last-ditch strike made it 3-2 and left Liverpool with a feeling of des...
Brighton fought back from 2-0 down away against Liverpool to win a classic Women’s FA Cup semi-final and book a place at Wembley for the first time in their women’s team’s history. The substitute Nadine Noordam’s 95th-minute winner sparked wild celebrations for Brighton, who had been on top throughout the second half before her last-ditch strike made it 3-2 and left Liverpool with a feeling of despair, as they had been 2-0 up and looking in control early in the first half. More to follow Continue reading...
Roy D. Baynes, Director at Travere Therapeutics (NASDAQ:TVTX) , reported the exercise and immediate sale of 4,500 common shares for a transaction value of approximately $210,000, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($46.65); post-transaction value based on May 5, 2026 market close ($44.80). * 1-year performance calculated using M...
Roy D. Baynes, Director at Travere Therapeutics (NASDAQ:TVTX) , reported the exercise and immediate sale of 4,500 common shares for a transaction value of approximately $210,000, according to a SEC Form 4 filing . Transaction value based on SEC Form 4 weighted average purchase price ($46.65); post-transaction value based on May 5, 2026 market close ($44.80). * 1-year performance calculated using May 8th, 2026 as the reference date. Continue reading
denphumi/iStock via Getty Images Since March 2024, I have been bullish on Fidus Investment ( FDUS ). So far this decision has resulted in almost 30% of a total return performance. This is much better than what the BDC index ( BIZD ) has achieved - i.e., a bit less than 1.5% in total returns. However, before going into Q1 2026 earnings season, I issued a slightly less bullish piece , recommending i...
denphumi/iStock via Getty Images Since March 2024, I have been bullish on Fidus Investment ( FDUS ). So far this decision has resulted in almost 30% of a total return performance. This is much better than what the BDC index ( BIZD ) has achieved - i.e., a bit less than 1.5% in total returns. However, before going into Q1 2026 earnings season, I issued a slightly less bullish piece , recommending investors take a breath and pause. Namely, because of the ~35% exposure to small-cap technology (mostly software) names, I thought that it would be prudent to not add more if FDUS was already overweight in the overall BDC portfolio bucket. Seeing how the share price has reacted to the Q1 report , not going big on FDUS could probably be viewed as a mistake. As much as I like "95%" of FDUS properties and I still would recommend holding the BDC, I don't regret my decision at all. Three reasons: Heavy exposure to software hasn't changed. I don't care about short-term price reactions (the key is a stress-free income compounding that is underpinned by NAV stability). There are some hidden nuances in the Q1 report that might not be viewed very positively. I will now unpack the third point and revisit my thesis accordingly. Thesis review All in all, FDUS's Q1 results were strong across the board. Almost any metric we look at, we will see one of the best Q1 dynamics in the BDC sector. As usual, we could split it into two parts: a) net investment income part and b) net asset value part (with all of the underlying intricacies). The adjusted NII per share landed at $0.62, which is significantly above the result recorded in the prior quarter of $0.52 per share. This is a huge move and a very rare exception in a time when almost all BDCs that have reported so far have registered declining NII per share generation levels. So, FDUS has managed to not only shield its Q4 adjusted NII per share from lower base rate and tighter spread headwinds but also increase at an almost unprecedented pace....
Between 2000 and 2020, electricity demand increased 9%. Demand is expected to increase as much as 50% between 2020 and 2040. The massive increase in demand has led to a renaissance in nuclear energy, as it is a reliable, carbon-free energy source. If you want to get in on the growth that is taking shape in the nuclear power sector in 2026, here are three-ish options to consider from suppliers to p...
Between 2000 and 2020, electricity demand increased 9%. Demand is expected to increase as much as 50% between 2020 and 2040. The massive increase in demand has led to a renaissance in nuclear energy, as it is a reliable, carbon-free energy source. If you want to get in on the growth that is taking shape in the nuclear power sector in 2026, here are three-ish options to consider from suppliers to producers to the companies working on cutting-edge technology. You don't have to buy a nuclear power plant operator to invest in nuclear power. Those plants have to be built, and they need fuel. That's where Brookfield Renewable Partners (NYSE: BEP) and Cameco (NYSE: CCJ) come in. Brookfield Renewable Partners is the least risky option on this list because it owns a globally diversified portfolio of clean energy assets . Within that mix is a 50% ownership stake in Westinghouse, one of the world's largest service providers to the nuclear power industry. The big draw, however, is likely to be the 4.7% yield backed by a decade of regular dividend increases. Image source: Getty Images. Continue reading
If you are wondering whether Taiwan Semiconductor Manufacturing is attractively priced after its recent run, the next sections will help break down what the current share price might be implying. The stock last closed at US$414.15, with returns of 4.6% over 7 days, 19.9% over 30 days, 29.6% year to date and 138.6% over 1 year, plus very large gains over 3 and 5 years. Recent headlines have focused...
If you are wondering whether Taiwan Semiconductor Manufacturing is attractively priced after its recent run, the next sections will help break down what the current share price might be implying. The stock last closed at US$414.15, with returns of 4.6% over 7 days, 19.9% over 30 days, 29.6% year to date and 138.6% over 1 year, plus very large gains over 3 and 5 years. Recent headlines have focused on Taiwan Semiconductor Manufacturing's central role in global chip supply and its position in...