" The threat of attack by ballistic, hypersonic, and cruise missiles, and other advanced aerial attacks, remains the most catastrophic threat facing the United States ." -- President Donald Trump, Executive Order 14186 EO 14186, published Jan. 27, 2025, inaugurated the concept of building an "Iron Dome for America" -- soon rebranded as the Golden Dome . It called for the construction of a next-gen...
" The threat of attack by ballistic, hypersonic, and cruise missiles, and other advanced aerial attacks, remains the most catastrophic threat facing the United States ." -- President Donald Trump, Executive Order 14186 EO 14186, published Jan. 27, 2025, inaugurated the concept of building an "Iron Dome for America" -- soon rebranded as the Golden Dome . It called for the construction of a next-generation missile defense shield to "deter ... any foreign aerial attack on the Homeland," and in particular for accelerating work on the U.S. Space Force's Proliferated Warfighter Space Architecture missile defense program comprising one set of satellites to track missile launches, and a second set of satellites to relay data from missile launches to defense systems on the ground. Continue reading
The US airline industry is primed for a new round of mergers as low-cost carriers are squeezed by the oil-price spike, according to Deutsche Bank analyst Michael Linenberg . As gasoline and ticket prices rise, companies like JetBlue Airways Corp. and Frontier Group Holdings Inc are likely to see a decrease in bookings from budget conscious travelers, placing financial pressure on the carriers, ana...
The US airline industry is primed for a new round of mergers as low-cost carriers are squeezed by the oil-price spike, according to Deutsche Bank analyst Michael Linenberg . As gasoline and ticket prices rise, companies like JetBlue Airways Corp. and Frontier Group Holdings Inc are likely to see a decrease in bookings from budget conscious travelers, placing financial pressure on the carriers, analyst Michael Linenberg said in an interview. That could result in more joint ventures between airlines, he said, and potentially outright mergers, as well. “The low-fare carrier space is still ripe for consolidation,” Linenberg said. Airline stocks tumbled in March as President Donald Trump ’s bombardment of Iran closed the Strait of Hormuz and sent oil prices spiraling. With crude still above $100 a barrel and little signs of progress toward a deal to end the conflict, it is threatening to exert a drag on the economy by squeezing consumers as that ripples through to gasoline prices and the cost of other goods. A group of US airline stocks was down 2.6% on Monday. Linenberg doesn’t expect another US airline to be forced to shut down like Spirit Airlines . In fact, he said Spirit’s disappearance may give a boost to rival JetBlue. He said that JetBlue and Frontier Airlines are currently expanding in markets where Spirit previously operated, though he expects they will eventually face pressure to scale back capacity. Read More: JetBlue CEO Says Airline Is Ruling Out ‘26 Bankruptcy Filing Overall, the war has created a new reason to favor larger carriers such as United Airlines Holdings Inc. and Delta Air Lines Inc. , Linenberg said. They were already poised to benefit from growth in international travel, he said. “High fuel disproportionately impacts the weakest players,” the analyst added, and as they pull back or even fail, it “creates a better situation — or a better future — for the industry leaders.”
OpenAI co-founder and former chief scientist Ilya Sutskever said his stake in the ChatGPT maker is worth roughly $7 billion, making him one of the largest individual shareholders in the artificial intelligence startup. Sutskever confirmed the size of his stake in response to a question from Elon Musk ’s attorney on Monday during his testimony in a closely watched trial between the world’s richest ...
OpenAI co-founder and former chief scientist Ilya Sutskever said his stake in the ChatGPT maker is worth roughly $7 billion, making him one of the largest individual shareholders in the artificial intelligence startup. Sutskever confirmed the size of his stake in response to a question from Elon Musk ’s attorney on Monday during his testimony in a closely watched trial between the world’s richest man and OpenAI. Sutskever was instrumental in developing OpenAI’s technology and later played a role in briefly ousting Chief Executive Officer Sam Altman . In his testimony, Sutskever said he’d been thinking about concerns with Altman for a year before the board took action. Sutskever left OpenAI in May 2024 and later co-founded an AI research lab called Safe Superintelligence. Musk has accused OpenAI’s leaders, including Altman and co-founder Greg Brockman , of abandoning its nonprofit roots to capitalize on the project for their own benefit. He’s asking for remedies that could upend the company. Brockman disclosed in testimony last week that his stake in OpenAI is worth about $30 billion.
Live cattle futures are steady to $2.25 lower in the front months on Monday. Cash trade settled in at $256-260 last week, with southern action $256-258 and northern trade at $258-260. Feeder cattle futures are down $3.50 to $3.90 in the front months, with May the exception, up 97 cents....
Live cattle futures are steady to $2.25 lower in the front months on Monday. Cash trade settled in at $256-260 last week, with southern action $256-258 and northern trade at $258-260. Feeder cattle futures are down $3.50 to $3.90 in the front months, with May the exception, up 97 cents....
The wheat complex is rallying on Monday, with gains across the three markets. Chicago SRW futures are posting 13 to 15 cent gains in the front months on Monday. There was single delivery issued against May CBT wheat on Friday higher, with 16 deliveries against May KC wheat. KC HRW...
The wheat complex is rallying on Monday, with gains across the three markets. Chicago SRW futures are posting 13 to 15 cent gains in the front months on Monday. There was single delivery issued against May CBT wheat on Friday higher, with 16 deliveries against May KC wheat. KC HRW...
Soybeans are trading with 5 to 7 cent gains at midday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.47 3/4. Soymeal futures is up $5.10 to $6.20, with Soy Oil futures 20 to 75 points lower. There were another 250 deliveries against May bean...
Soybeans are trading with 5 to 7 cent gains at midday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.47 3/4. Soymeal futures is up $5.10 to $6.20, with Soy Oil futures 20 to 75 points lower. There were another 250 deliveries against May bean...
Key PointsIncreased TCBI stake by 30,417 shares; estimated transaction value $2.97 million (approximation based on average closing prices in the quarter).
Key PointsIncreased TCBI stake by 30,417 shares; estimated transaction value $2.97 million (approximation based on average closing prices in the quarter).
sitox Primoris Services ( PRIM ) up 10.4% in Monday's trading as Mizuho upgraded shares to Outperform from Neutral with a $135 price target, following the stock's post-Q1 pullback, as the brokerage views the infrastructure construction company's renewable execution issues as transitory and now better reflected in estimates and valuation. Mizuho analyst Maheep Mandloi said Primoris' ( PRIM ) b ooki...
sitox Primoris Services ( PRIM ) up 10.4% in Monday's trading as Mizuho upgraded shares to Outperform from Neutral with a $135 price target, following the stock's post-Q1 pullback, as the brokerage views the infrastructure construction company's renewable execution issues as transitory and now better reflected in estimates and valuation. Mizuho analyst Maheep Mandloi said Primoris' ( PRIM ) b ookings should improve through 2026, supported by gas generation, renewables verbal awards, and utility MSA growth, while 2027 returns to organic growth even on a conservative renewable base, adding the stock's "risk/reward now looks attractive as bookings convert and renewables normalize." Mandloi noted that Primoris ( PRIM ) missed Q1 earnings estimates and lowered FY 2026 guidance on execution issues, cost overruns, and ~$400M of renewable push-outs to 2027—not cancellations—and he sees the reset as contained to 2024-bid projects that mostly reach substantial completion in 2026, with no new work signed since in the problematic geographies. More on Primoris Services Primoris Services Q1 2026 Earnings Call Transcript Primoris Services Q1 2026 Earnings Call Presentation Primoris Services: Focus On The Broader Demand Picture
The Trump administration asked the US trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals, meaning importers would keep paying the levies while the legal fight continues. In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump ’s use of Section 122 of the Trade Act of 1974 to impo...
The Trump administration asked the US trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals, meaning importers would keep paying the levies while the legal fight continues. In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump ’s use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid, although the court only immediately blocked enforcement for two companies that sued and Washington state. Despite the limited scope of the court’s order for now, the Justice Department argued in a Monday filing that thousands of importers paying the Section 122 tariffs were likely to flood the court with claims. Allowing the decision to take effect would “severely undermine” Trump’s trade agenda and siphon resources away from the “vast effort” underway to refund an earlier round of global tariffs struck down by the US Supreme Court, government lawyers wrote. Read More: Trump Appeals Latest Legal Setback to His Tariff Regime Rollout The trade court rejected the administration’s stance that “balance-of-payments deficits” — a key criteria for imposing the Section 122 tariffs — was “a malleable phrase.” They found that Trump’s proclamation imposing the levies failed to identify that such deficits existed within the meaning of the 1974 law, instead using “trade and current account deficits to stand in the place.” The government’s appeal of that decision is pending before the US Court of Appeals for the Federal Circuit. The Justice Department said in Monday’s filing that if the trade court and the Federal Circuit refuse to pause the ruling, the administration is poised to make an emergency request to the Supreme Court. The justices earlier this year struck down Trump’s global tariffs under a different law, the International Emergency Economic Powers Act, or IEEPA. A refund process launched in April, but there’s uncertainty about whether all companies t...
Earnings Call Insights: The Mosaic Company (MOS) Q1 2026 Management View CEO Bruce Bodine framed the quarter around a volatile phosphate backdrop, saying, "The business climate is challenging, but it is allowing Mosaic to differentiate itself by benefiting from our significant advantages and optimizing our capital." He tied market disruption to geopolitics, noting, "Geopolitical events are driving...
Earnings Call Insights: The Mosaic Company (MOS) Q1 2026 Management View CEO Bruce Bodine framed the quarter around a volatile phosphate backdrop, saying, "The business climate is challenging, but it is allowing Mosaic to differentiate itself by benefiting from our significant advantages and optimizing our capital." He tied market disruption to geopolitics, noting, "Geopolitical events are driving volatility throughout the global phosphate supply chain," and added, "To put it simply, there is not going to be enough phosphate to meet global demand." Bodine highlighted U.S. phosphate operational progress, saying, "The investments we've made in our U.S. Phosphate assets over the last 2 years are driving higher production rates with 3 of our 4 facilities operating at targeted rates at the end of the first quarter," and that New Wales’ planned turnaround is complete, adding, "our production capability has improved significantly." He also emphasized raw-material risk, stating, "Raw material prices and availability, especially for sulfur, are forcing us to revisit our production plan." Management detailed near-term phosphate curtailments tied to sulfur economics. Bodine said, "we are reviewing our 2026 global production plan for phosphates and taking initial steps to curtail production," adding, "we're partially reducing production rates at Bartow and Louisiana, and scaling back additional fertilizer production in Brazil," and described it as "a temporary move" with readiness to "restart operations quickly when conditions improve." Capital reallocation and cost actions were central. Bodine said, "we sold 3 mines and idled production at underperforming assets," and added, "we've lowered our 2026 CapEx guidance by $250 million to $1.25 billion." He also stated, "In April, we initiated a workforce reduction that is expected to generate annualized expense savings of $50 million, of which $15 million will be realized this year," "in addition to the $100 million value capture pr...
Bank Cyprus press release ( BKCYF ): Q1 earnings per share of €0.28. Profit after tax of €1211M. Net interest income €181M. ROTE of 18.0%. NPE ratio reduced to 1.1%. More on Bank Cyprus Bank of Cyprus Holdings Public Limited Company (BKCYF) Discusses Strategy and Financial Targets Update for 2026 and Beyond Transcript Bank of Cyprus Holdings Public Limited Company (BKCYF) Q4 2025 Earnings Call Tra...
Bank Cyprus press release ( BKCYF ): Q1 earnings per share of €0.28. Profit after tax of €1211M. Net interest income €181M. ROTE of 18.0%. NPE ratio reduced to 1.1%. More on Bank Cyprus Bank of Cyprus Holdings Public Limited Company (BKCYF) Discusses Strategy and Financial Targets Update for 2026 and Beyond Transcript Bank of Cyprus Holdings Public Limited Company (BKCYF) Q4 2025 Earnings Call Transcript Historical earnings data for Bank Cyprus Financial information for Bank Cyprus
GoranQ/iStock via Getty Images With the South Korean stock market leading global equities to all time highs, its single-country ETF, the iShares MSCI South Korea ETF ( EWY ), has experienced some of the most dramatic stories of the past two years. Closing at $190.2 on May 8, EWY was up 7.6% on the final trading day of the week while having surged ~240% over the last year! The ETF is essentially a ...
GoranQ/iStock via Getty Images With the South Korean stock market leading global equities to all time highs, its single-country ETF, the iShares MSCI South Korea ETF ( EWY ), has experienced some of the most dramatic stories of the past two years. Closing at $190.2 on May 8, EWY was up 7.6% on the final trading day of the week while having surged ~240% over the last year! The ETF is essentially a proxy on Samsung Electronics Co., Ltd. ( SSNLF ) and SK hynix Inc. (HXSC.F), which are the two dominant global suppliers of high-bandwidth memory (HBM) chips, lifted by an extraordinary AI-driven memory supercycle. This high degree of concentration in memory names amplifies both upside and downside risk. However, we still believe the structural AI demand case remains intact, so while the ETF presents a "catch all" type of exposure to investing in AI, investors should be mindful of potential one-sided gyrations due to position crowding (everyone wants in or out at the same time). Data by YCharts Fund Overview Attribute Detail Full Name iShares MSCI South Korea ETF Ticker EWY (NYSE Arca) Issuer BlackRock (iShares) Inception Date May 9, 2000 Benchmark MSCI Korea 25/50 Index AUM ~$22.96 billion Expense Ratio 0.59% # Holdings 98 Dividend Yield (TTM) 1.07% Annual Dividend $2.04 Forward P/E Ratio ~8x Beta 1.39 52-Week Range $57.19 – $190.41 Click to enlarge Source: BlackRock, Market estimates The ETF invests at least 80% of its asset into the MSCI Korea 25/50 index, which limits any single name to 25% weighting and up to 50% of aggregate weight for issuers above 5%. The constituents are reviewed annually and despite these constraints, the fund is heavily tilted towards tech and semi. Top 10 Holdings Here are the top holdings, as of May 7, 2026: BlackRock Near half of the fund (~49.4%) is allocated to the top two holdings—SK Hynix and Samsung Electronics. Further, the top 10 holdings (including the cash position) account for 66.2% of its assets, representing a significant concentra...
Cotton futures are trading with 110 to 160 point gains across most contracts on Monday. The US dollar index is $0.046 higher at $97.830. Crude oil is up $3.63 at $99.04 so far on the Monday’s. Managed money was adding another 12,829 contracts to their net long position in cotton...
Cotton futures are trading with 110 to 160 point gains across most contracts on Monday. The US dollar index is $0.046 higher at $97.830. Crude oil is up $3.63 at $99.04 so far on the Monday’s. Managed money was adding another 12,829 contracts to their net long position in cotton...
Telus Corp. Chief Executive Officer Darren Entwistle shared parting words of wisdom for his replacement, shortly before he leaves the job he’s occupied for 26 years. Ahead of the Vancouver-based telecom company’s July 1 handover to Victor Dodig , former CEO of Canadian Imperial Bank of Commerce , Entwistle said: “Keep on building, have an appetite — a risk-infused appetite — for innovation and bei...
Telus Corp. Chief Executive Officer Darren Entwistle shared parting words of wisdom for his replacement, shortly before he leaves the job he’s occupied for 26 years. Ahead of the Vancouver-based telecom company’s July 1 handover to Victor Dodig , former CEO of Canadian Imperial Bank of Commerce , Entwistle said: “Keep on building, have an appetite — a risk-infused appetite — for innovation and being different.” “Because the things that have been most valuable to us historically are rooted in being unconventional or contrarian, so follow that path,” Entwistle told Bloomberg News at Telus headquarters after announcing artificial intelligence data center investments. Entwistle also urged the former banker, who joined Telus’ board in 2022, to “trust the team that he’s got, because we have fantastic talent at this organization.” Supporting Telus’ current employees and giving them opportunities “would be a good recipe for a great start,” he said. Read More: Telus Picks Former Bank Chief Dodig to Replace Longtime CEO
Accendra Health Inc. has reached an agreement with a majority of its creditors to push out the maturities of its existing debt through debt exchanges, some of them at a discount. The company, which provides in-home medical devices and supplies, disclosed a deal on Monday that address the maturity of more than $1.5 billion of debt and raises new funds to help reduce the total amount owed by more th...
Accendra Health Inc. has reached an agreement with a majority of its creditors to push out the maturities of its existing debt through debt exchanges, some of them at a discount. The company, which provides in-home medical devices and supplies, disclosed a deal on Monday that address the maturity of more than $1.5 billion of debt and raises new funds to help reduce the total amount owed by more than $300 million to roughly $2 billion. Shares of Richmond, Virginia-based Accendra rose by 14.8% to $4.11 cents as of 2:51 p.m. in New York. It was previously known as Owens & Minor Inc. Under the plan, holders of its existing unsecured bonds coming due in 2029 have the option to provide $326 million in fresh liquidity in the form of new first-lien notes maturing in 2032. If they do, they can roll up their existing holdings into those new first-lien notes. Holders who don’t provide a cash injection can instead swap their debt into lower-ranking second-lien notes at a discount. Meanwhile, holders of the unsecured bonds due in 2030 will be allowed to swap into the new second-lien notes. Proceeds from the new money notes along with cash on hand will repay the outstanding borrowings under its existing term loan A loan and revolving credit facility. The size of that facility has been cut to $300 million, while its due date has been extended to 2030 from 2027. A majority of holders of each of the different notes and loans have consented to the deal, according to regulatory filings. Ducera Partners and Kirkland & Ellis are acting as company advisers, according to an investor presentation. Accendra also reported first quarter earnings on Monday, with adjusted earnings before interest, taxes, appreciation and amortization at $58.4 million, down from $96 million the prior year. Adjusted net loss from continuing operations was $3.1 million, compared to a net income of $23.2 million in the first quarter of 2021.