Few companies stand as centrally as Sandisk (NASDAQ: SNDK) in artificial intelligence (AI) ecosystems. As a pure-play leader in NAND flash memory and advanced storage solutions, Sandisk designs and manufactures high-capacity components that form the foundation of AI data centers. Unlike traditional hard drives, Sandisk's NAND technology delivers the low-latency performance required for training la...
Few companies stand as centrally as Sandisk (NASDAQ: SNDK) in artificial intelligence (AI) ecosystems. As a pure-play leader in NAND flash memory and advanced storage solutions, Sandisk designs and manufactures high-capacity components that form the foundation of AI data centers. Unlike traditional hard drives, Sandisk's NAND technology delivers the low-latency performance required for training large language models, deploying inference at scale, and supporting massive volumes of unstructured data generated by AI workloads. These dynamics position Sandisk not as a peripheral equipment supplier, but as a critical enabler of AI architectures, where each new breakthrough model and application demands ever-greater storage density and speed. Continue reading
Investors expect the market for low Earth orbit satellites to grow to about $108 billion by 2035. WSJ's Micah Maidenberg explains what's at stake for the corporate fight over LEO, and whether Amazon and others can put a dent in SpaceX's dominance there.
Investors expect the market for low Earth orbit satellites to grow to about $108 billion by 2035. WSJ's Micah Maidenberg explains what's at stake for the corporate fight over LEO, and whether Amazon and others can put a dent in SpaceX's dominance there.
Parabolic Semiconductor Rally Is Pricing In 2028 Already Authored by Lance Roberts via RealInvestmentAdvice.com, The parabolic semiconductor rally crossed a line this week. SOXX, the iShares Semiconductor ETF, closed Friday at $509.77 after touching a fresh intraday high of $511.68. That’s a gain of roughly 244% from the April 2025 low of $148.31. Most of that move has been compressed into the las...
Parabolic Semiconductor Rally Is Pricing In 2028 Already Authored by Lance Roberts via RealInvestmentAdvice.com, The parabolic semiconductor rally crossed a line this week. SOXX, the iShares Semiconductor ETF, closed Friday at $509.77 after touching a fresh intraday high of $511.68. That’s a gain of roughly 244% from the April 2025 low of $148.31. Most of that move has been compressed into the last two months alone. Since mid-March, SOXX has tacked on another 58%. The chart is now textbook parabolic. And parabolic charts almost never end politely. If you wanted a real-time stress test of how fragile this move is, you got one this week. Semiconductors took a -2.86% hit on Thursday on softer Iran headlines, with Broadcom and Micron dragging. By Friday’s open, the dip was already being bought aggressively. A stronger-than-expected April jobs report (115,000 vs. 65,000 expected) and renewed peace-deal optimism sent the Nasdaq up 1.71% on the day, with SOXX printing a new intraday high before the close. That’s not a market digesting risk. That’s a market refusing to take “no” for an answer. I’ve watched this movie before. After 30 years of cycles, the ending is rarely a surprise. The setup, however, is almost always sold as “this time is different.” It isn’t. In fact, every parabolic semiconductor rally in modern memory has ended the same way, and there’s no reason to expect a kinder math this round. Where The Parabolic Semiconductor Rally Stands Today Start with the math, because it’s doing the talking. SOXX is currently trading 62% above its 200-day moving average and 34% above its 50-day. Readings that stretched are the back end of a move, not the middle. The slope of the advance has steepened in each successive month. That is the signature of a momentum trade pulling in late buyers, not of fundamentals catching up to price. Look across the complex, and the dispersion is striking. Micron is up nearly 1,000% off its April 2025 low. AMD is up roughly 450%. Nvidia, the i...
Palliser Capital has amassed a stake in Intertek Group Plc , the British product-testing company that’s rejected multiple takeover offers from EQT AB , people with knowledge of the matter said. The UK activist investor has been building its holding in London-listed Intertek as the company comes under increasing pressure to engage with its private equity suitor, the people said. The size of Pallise...
Palliser Capital has amassed a stake in Intertek Group Plc , the British product-testing company that’s rejected multiple takeover offers from EQT AB , people with knowledge of the matter said. The UK activist investor has been building its holding in London-listed Intertek as the company comes under increasing pressure to engage with its private equity suitor, the people said. The size of Palliser’s stake and its intentions couldn’t immediately be learned. Representatives for Palliser and Intertek declined to comment. Intertek last week rejected a third bid from Swedish private equity firm EQT. The latest offer, at £58 a share, values Intertek at roughly £8.9 billion ($12.1 billion). Bloomberg News reported at the time that some of Intertek’s top investors, including PineStone Asset Management Inc. , have been pushing the company to engage with EQT. Some of the investors are hoping that EQT will increase its proposal to around £60 per share or more. Intertek would be more willing to engage at a level above £60, people familiar with the matter said previously. Shares in Intertek closed at £49.80 in London on Monday, giving the company a market value of about £7.7 billion. PrimeStone Capital , which holds 0.5% of Intertek, wrote in a letter to Intertek’s board dated Monday that EQT’s offer does not undervalue the company, which it said has been underperforming peers and major indexes under Chief Executive Officer André Lacroix . PrimeStone said the premium being offered by EQT “far above” the average for UK takeovers in recent years. “We are also concerned that this crucial decision point for the board comes at a point where the company’s governance is fragile,” PrimeStone said. With a CEO who’s been in charge for over a decade and a chairman transition about to take place, “we are troubled by the concentration of influence at the executive level, precisely at the moment when independent board oversight matters most,” the firm added. Amid the interest from EQT, Inter...
Sea Limited ( SE ) will report its results for the first quarter on Tuesday, before markets open. Wall Street expects the company to post earnings of 77 cents, on revenue of $6.4B, representing a year-over-year rise of 32.2%. During the quarter, Sea undertook a range of initiatives across its ecosystem, including platform engagement, partnerships, and social impact efforts. Its e-commerce arm Shop...
Sea Limited ( SE ) will report its results for the first quarter on Tuesday, before markets open. Wall Street expects the company to post earnings of 77 cents, on revenue of $6.4B, representing a year-over-year rise of 32.2%. During the quarter, Sea undertook a range of initiatives across its ecosystem, including platform engagement, partnerships, and social impact efforts. Its e-commerce arm Shopee hosted its annual seller and partner awards in Indonesia, while also advancing donation and charity programs across markets such as Indonesia and Taiwan. The company also expanded its strategic collaboration with Google ( GOOGL ) to develop AI-powered tools for e-commerce and gaming, highlighting a continued focus on artificial intelligence-driven capabilities. These developments came alongside the company’s prior quarterly update in March, where strong growth in revenue and user metrics was overshadowed by higher costs and a sharp increase in provisions for credit losses in its financial services business. Higher spending on incentives, logistics, and marketing to counter rising competition weighed on sentiment and pressured shares, despite revenue surpassing estimates. A modestly slower growth outlook for Shopee’s annual gross merchandise value further added to caution , pointing to a quarter characterized by continued investment and innovation, but with lingering concerns around costs and profitability. According to Seeking Alpha’s Quant Rating system, SE is rated Sell with an overall score of 1.61 out of 5, reflecting an A in terms of profitability, but it has an F in terms of momentum. While a recent Seeking Alpha analysis said , Sea Limited has become a strong buy after a sharp selloff, arguing that the stock’s steep decline has pushed it into a deeply discounted valuation range despite concerns around Shopee’s margins, competition, and macro risks, while still viewing the risk-reward as attractive. The analyst pointed out, “Sea is one of the highest-conviction pos...
Are you a fresh face without too much baggage? Then a new home awaits you in No 10 In the late 1800s, the boxing and wrestling scene of east and south-east London was going through a transformation, and if you are genuinely interested in that, I cannot recommend enough the work of the historian Sarah Elizabeth Cox . If, on the other hand, you are more interested in the fashioning of political anal...
Are you a fresh face without too much baggage? Then a new home awaits you in No 10 In the late 1800s, the boxing and wrestling scene of east and south-east London was going through a transformation, and if you are genuinely interested in that, I cannot recommend enough the work of the historian Sarah Elizabeth Cox . If, on the other hand, you are more interested in the fashioning of political analogy, it is this: boxing starts out a legit contest between boys and men trying to render one another unconscious; then it morphs into strongman pantomiming, with one amazing boxer in the ring and have-a-go heroes trying their luck; then it starts to lean in to its showbiz elements; and after that it’s chaos. The strongman is suddenly wrestling a donkey called Steve (this really happened). People are slicing lemons with swords in the interval. It’s all a terrible stain on the noble sport, and yet it looks revivified, because suddenly every idiot in town thinks he can have a go. Which is more or less what’s happened to the office of prime minister, and I’m going to go out on a limb here and say that this, unlike everything else to befall this stricken nation, is not Keir Starmer’s fault. Amazed as I am to even type this, it’s not Boris Johnson’s fault. It started with David Cameron. Continue reading...
Proposed rules similar to those used by Premier League ECB responding after Sussex’s operating loss of £1.33m Cricket counties will face automatic points deductions for making repeated losses under strict new financial rules that will be introduced next season. The Guardian has learned that the England and Wales Cricket Board is planning to bring in its own version of football’s profit and sustain...
Proposed rules similar to those used by Premier League ECB responding after Sussex’s operating loss of £1.33m Cricket counties will face automatic points deductions for making repeated losses under strict new financial rules that will be introduced next season. The Guardian has learned that the England and Wales Cricket Board is planning to bring in its own version of football’s profit and sustainability rules underpinned by points deductions in a shadow form next year to give counties time to adjust, before fixed punishments for clubs that fail to break even are introduced in 2028. Continue reading...
Central Park Tower, center, along Billionaire's Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani's proposed pied-à-terre tax that brokers warn could cause a wealth flight . There were 133 contracts signed for apartments priced at $4 ...
Central Park Tower, center, along Billionaire's Row in New York, US, on Friday, May 1, 2026. Michael Nagle | Bloomberg | Getty Images High-end real estate sales in Manhattan increased in the past month, according to new data, despite New York Mayor Zohran Mamdani's proposed pied-à-terre tax that brokers warn could cause a wealth flight . There were 133 contracts signed for apartments priced at $4 million or more between April 14 and May 10, according to Olshan Realty. That compares with 130 during the same period last year. The total dollar volume increased by 10% to $1.12 billion, Olshan said. Sales at the very high end remain especially strong, with contracts signed for apartments priced at $10 million or more surging by 80% to 34 contracts. The strength comes as real estate brokers and business leaders warn that a new second-home tax will chase away the New York wealthy and their valuable spending. "The last four weeks demonstrates that an impending pied-à-terre tax has had no effect on the luxury market in Manhattan," said Donna Olshan, president of Olshan Realty. The market could turn once the tax is imposed, of course. Yet the surge comes as the proposed pied-à-terre tax makes its way through the New York legislature and sparks a highly public and bitter battle over taxing the wealthy in New York. The tax, first proposed by Mamdani and New York Gov. Kathy Hochul on April 15, would be an annual levy on non-primary real estate in New York valued at $5 million or more. Mamdani said the tax will raise $500 million in annual revenue and force the part-time New Yorkers to "pay their fair share." Real estate brokers have lobbied to halt the tax in Albany, saying it will hurt the market and cost jobs and tax revenue. Second-home owners in New York already pay property taxes but don't typically use many public services like schools or public transportation. Corcoran Group President and CEO Pamela Liebman told The Real Deal last week that Corcoran "has so many deals tha...
Jimmy Fallon will produce show, which will begin filming over the summer, based on New York Times’ hit word game Savannah Guthrie is to present a TV game show based on the New York Times’ hit word game Wordle, the newspaper announced Monday. It will be the first new onscreen venture for the host of NBC’s Today show since her return in April after the disappearance two months earlier of her mother....
Jimmy Fallon will produce show, which will begin filming over the summer, based on New York Times’ hit word game Savannah Guthrie is to present a TV game show based on the New York Times’ hit word game Wordle, the newspaper announced Monday. It will be the first new onscreen venture for the host of NBC’s Today show since her return in April after the disappearance two months earlier of her mother. Continue reading...
The Premier League season has been defined by set-piece drama. It came to a head at West Ham on Sunday, when the VAR could have penalised any one of four fouls.
The Premier League season has been defined by set-piece drama. It came to a head at West Ham on Sunday, when the VAR could have penalised any one of four fouls.
If you own the InfraCap MLP ETF (NYSEARCA:AMZA) for income, the question is simple: can the fund keep cutting those $0.34 monthly checks? AMZA pays a roughly 7.5% to 8% distribution yield from a concentrated, leveraged basket of energy midstream Master Limited Partnerships, and management just raised the monthly payout from $0.29 in 2025 to ... AMZA jumped 158% in two years, but the math behind th...
If you own the InfraCap MLP ETF (NYSEARCA:AMZA) for income, the question is simple: can the fund keep cutting those $0.34 monthly checks? AMZA pays a roughly 7.5% to 8% distribution yield from a concentrated, leveraged basket of energy midstream Master Limited Partnerships, and management just raised the monthly payout from $0.29 in 2025 to ... AMZA jumped 158% in two years, but the math behind those $0.34 checks is fragile
Drew Angerer/Getty Images News Tapestry’s ( TPR ) AI platform to facilitate faster trend analysis, consumer behavior, and support “informed decision-making” has been granted a patent from the U.S. Patent and Trademark Office. The proprietary AI platform Mira connects key data sources from across the company and can perform rapid and actionable analysis to “surface insights, inspire innovative thin...
Drew Angerer/Getty Images News Tapestry’s ( TPR ) AI platform to facilitate faster trend analysis, consumer behavior, and support “informed decision-making” has been granted a patent from the U.S. Patent and Trademark Office. The proprietary AI platform Mira connects key data sources from across the company and can perform rapid and actionable analysis to “surface insights, inspire innovative thinking, and support informed decision-making.” “What previously required days of manual analysis across multiple dashboards can now be accomplished in seconds to minutes,” the company said , adding that Mira’s potential use cases are plentiful and already in use to enhance assortment planning and inventory management. The company has been using Mira since 2022. “This is one more way we are moving with agility to deliver for our consumers and drive durable growth,” Tapestry CEO Joanne Crevoiserat said. Reflecting the company’s recent quarterly results , Crevoiserat underscored Tapestry’s ( TPR ) goal of “fueling meaningful growth” by translating insights into action at scale. By using artificial intelligence, businesses can more quickly sort through the vast amount of data to identify patterns and trends and adjust strategies, reducing operational costs. More on Tapestry Tapestry, Inc. 2026 Q3 - Results - Earnings Call Presentation Tapestry, Inc. (TPR) Q3 2026 Earnings Call Transcript Tapestry: Coach Skyrockets In A Tough Consumer Economy (Upgrade) Tapestry forecasts $6.95 FY 2026 EPS and $7.95B revenue as Coach targets $10B over time Tapestry rallies after new Gen Z customers boost Q1 results
AlexSecret/iStock via Getty Images The S&P 500 ( SPX ) closed out the trading week ending on Friday, 8 May 2026, at its highest closing value ever: 7,398.93 . The index itself was up 2.3% from the preceding trading week's close. Much of the market's gain came as AI technology companies reported very strong earnings, which is ultimately what powered the index higher during the week that was. So muc...
AlexSecret/iStock via Getty Images The S&P 500 ( SPX ) closed out the trading week ending on Friday, 8 May 2026, at its highest closing value ever: 7,398.93 . The index itself was up 2.3% from the preceding trading week's close. Much of the market's gain came as AI technology companies reported very strong earnings, which is ultimately what powered the index higher during the week that was. So much so that it largely erased what was left from the Iran War's negative impact. We can show that's the case in the following chart because the trajectory of the S&P 500 has returned to the middle of the redzone forecast range we added to the chart in late February 2026. Though we added it for other reasons, the centerline of the range has functioned well as a counterfactual projection of where the S&P 500 would have gone had the Iran war geopolitical event never occurred. The market-moving headlines of the week that was reveal just how much the strong earnings being reported in the AI technology sector contributed to the S&P 500's gains during the week that was: Monday, 4 May 2026 Signs and portents for the U.S. economy: Oil jumps after Iran's navy said it halted a US warship Oil up 3% after Iran claims it attacked US warship; US denies report Iran attacks UAE; U.S. says it sank boats in Strait of Hormuz Oil eases on signs US is loosening Iranian closure of Strait of Hormuz OPEC+ agrees third oil output quota hike since Hormuz closure Fed officials claim they can't do their jobs because of Iran conflict, are told that U.S. interest rates are too high: Kashkari says Iran war limits Fed's ability to provide rate guidance Recent inflation data was 'bad news,' Fed's Goolsbee says Williams says Fed policy well positioned for economic risks, uncertainty Trump says interest rates are too high Eurozone officials look to get US trade deal after Trump tariff threat: EU countries push to settle US trade deal to avoid car tariff hike Trump says he will raise tariff on autos from Europea...
Mike Pyle, Deputy Head of BlackRock's Portfolio Management Group joined Bloomberg Open Interest to explain why AI isn’t a bubble and how it’s reshaping the global economy. He breaks down the short-term inflation hit vs. long-term productivity boom, and why traditional 60/40 portfolios are failing to diversify in an AI-dominated market. He also warns investors may be underestimating the economic ri...
Mike Pyle, Deputy Head of BlackRock's Portfolio Management Group joined Bloomberg Open Interest to explain why AI isn’t a bubble and how it’s reshaping the global economy. He breaks down the short-term inflation hit vs. long-term productivity boom, and why traditional 60/40 portfolios are failing to diversify in an AI-dominated market. He also warns investors may be underestimating the economic risks from the Iran conflict, global oil disruptions, and the Strait of Hormuz crisis. (Source: Bloomberg)
Goldman Sachs & Co and Bank of America Corp are the latest in a growing cohort of Wall Street banks pushing back their forecasts for interest-rate cuts, arguing that both jobs and inflation data make a case for the Federal Reserve to keep rates on hold until at least the end of the year. As the Iran war jolts oil markets and stokes inflation, traders are increasing bets that the Fed will keep poli...
Goldman Sachs & Co and Bank of America Corp are the latest in a growing cohort of Wall Street banks pushing back their forecasts for interest-rate cuts, arguing that both jobs and inflation data make a case for the Federal Reserve to keep rates on hold until at least the end of the year. As the Iran war jolts oil markets and stokes inflation, traders are increasing bets that the Fed will keep policy on hold through 2026 — and may even hike in early 2027. The shift is echoed by a growing number of Fed officials, including two dissenters at the central bank’s last meeting, who said the central bank’s next move could be an increase. April’s labor report showed that US employers added more jobs than expected for a second month, underscoring the steadiness of the jobs market even as the Middle East conflict continues. The next major reads of inflation, meanwhile, will come via readings of consumer and producer prices on Tuesday and Wednesday, respectively. “The data simply don’t warrant cuts this year,” Aditya Bhave , the head of US economics at Bank of America, wrote on May 8. “Core inflation is too high, and moving up. The solid April jobs report was the last straw, especially given hawkish Fedspeak.” Bhave and colleagues now expect that the Fed will not cut rates again until July 2027, a shift from their previous forecast of September of this year. Read more: Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting The shifting Fed outlook has filtered through to the Treasury market, where the yield on US two-year notes — considered the most sensitive to shifts in central bank policy — have traded near the top end of their range since the war began. On Monday, rising oil prices weighed on Treasuries ahead of the first of the government’s refunding auctions, a sale of $58 billion in three-year notes at 1 p.m. New York time. Yields rose across the curve, with the two-year note up some four basis points to 3.92%. A Bloomberg gauge of the dollar traded steadily, a...
Rising corporate earnings are driving the equity markets higher, Kevin Hassett, director of the National Economic Council, said in a televised interview on Monday. "I think the market is doing so well because there's so much positive earnings surprise. And it's happened a few quarters in a row." In an interview on CNBC's "Squawk Box," he attributed the earnings beats and the accompanying rise in t...
Rising corporate earnings are driving the equity markets higher, Kevin Hassett, director of the National Economic Council, said in a televised interview on Monday. "I think the market is doing so well because there's so much positive earnings surprise. And it's happened a few quarters in a row." In an interview on CNBC's "Squawk Box," he attributed the earnings beats and the accompanying rise in the S&P 500 to artificial intelligence and President Trump's tax cuts. "The economy is growing very strong. Incomes are growing," Hassett added. Furthermore, he pointed to Yale economist Ray Fair's work, which suggests that Q2 GDP growth signals what will happen in the elections in the fall. "Right now, Republicans should feel very, very good about the trajectory of the economy," Hassett said. "The bottom line is that inflation is going down at the microeconomic level by the million things that we've done," Hassett said. He credited such actions as "fixing" the avian flu to lower egg prices, changing beef imports to bring beef prices down, and making drug prices more affordable. Many individual prices are going down, he maintained, but at the macroeconomic level, the driving force right now is the temporary increase in the price of gas. Still, the core PCE price index, which the Federal Reserve prefers to gauge underlying inflation trends, stood at 3.2% in March , well above the central bank's 2% inflation goal. Hasett sees the Iran war as unlikely to cause a recession in the U.S. because the U.S. is "such a strong energy producer." "There's a risk that if this thing goes on for a really extended period of time, the Asian economies will be the first sign of severe distress." On discussing whether more needs to be done to regulate powerful new AI models like Anthropic's ( ANTHRO ) Mythos so they don't harm the public, Hassett said the administration and the private sector, together, are working carefully to ensure the new models don't cause "an extreme amount of harm to the p...
The SonicShares Global Shipping ETF (NYSEARCA:BOAT) has become the cleanest way for income investors to play the Strait of Hormuz blockade, and the tape shows it. BOAT closed near $43, up about 37% year to date and roughly 75% over the past year, while throwing off a trailing yield in the 6.3% range. The question ... BOAT is soaring over the Strait of Hormuz blockade, but will it last?
The SonicShares Global Shipping ETF (NYSEARCA:BOAT) has become the cleanest way for income investors to play the Strait of Hormuz blockade, and the tape shows it. BOAT closed near $43, up about 37% year to date and roughly 75% over the past year, while throwing off a trailing yield in the 6.3% range. The question ... BOAT is soaring over the Strait of Hormuz blockade, but will it last?
An oil supertanker that exited the Persian Gulf on Sunday hauling a cargo of Iraqi crude has come to a halt as it was about to exit the Gulf of Oman for the Arabian Sea. The very large crude carrier Agios Fanourios I crossed the Strait of Hormuz over the weekend, having loaded a cargo of crude from the Basra Oil Terminal last month, tracking data compiled by Bloomberg show. The vessel was heading ...
An oil supertanker that exited the Persian Gulf on Sunday hauling a cargo of Iraqi crude has come to a halt as it was about to exit the Gulf of Oman for the Arabian Sea. The very large crude carrier Agios Fanourios I crossed the Strait of Hormuz over the weekend, having loaded a cargo of crude from the Basra Oil Terminal last month, tracking data compiled by Bloomberg show. The vessel was heading for the Nghi Son refinery in Vietnam at a speed of about 13 knots before it paused its journey, according to the tracking data it was broadcasting as it cleared the coast of Oman. Shortly after, its signals show the ship turning to the north and then back toward Hormuz, while slowing to a near halt. The reason for the pause is unclear, although it happened around a point where the US has a blockade of its own in place — although that applies to Iranian shipping, not barrels from Iraq. The ship’s manager, Athens-based Eastern Mediterranean Maritime, didn’t immediately respond to a request for comment. Iran’s semi official Tasnim News Agency reported the vessel’s transit through Hormuz earlier, saying it followed Tehran’s designated route through the waterway.