Algoma Steel Group press release ( ASTL ): Q1 GAAP EPS of -C$1.46. Revenue of C$296.9M (-42.6% Y/Y). More on Algoma Steel Group Stay Cautious On Algoma Steel, But Watch For Early Signs Of Recovery Stocks to watch on Tuesday after market: LEVI, ASTL, GPRO Algoma Steel surges after forming partnership for ballistic steel production

Good morning . Trump heads to China with limited leverage over Xi. Google launches a new laptop to take on Apple. And an ink shortage hits popular Japanese chips. Listen to the day’s top stories . Market Snapshot S&P 500 7,400.96 -0.2% Brent Crude Futures $107.41 +3.1% WTI Crude Futures $102.04 +4.0% Market data as of 05:06 PM ET. Data is subject to provider delays. Donald Trump is heading to China —the first visit by an American leader to the country in almost a decade—with limited leverage , as his hand is constrained by the conflict in the Middle East. Still, the US president downplayed the amount of attention he and Xi Jinping would devote to the Iran war, saying he would instead prioritize trade discussions . Treasury Secretary Scott Bessent signaled tacit approval of Japan’s recent yen intervention during his visit to Tokyo. China Earns $500 Million an Hour From Exports Supercharged by AI Read more Oil rose as the Mideast standoff continued and crude shipments from Kharg Island, Iran’s main export terminal, appeared to have stopped . Trump said it’s “just a question of time” before Tehran capitulates in a conflict the Pentagon estimates has cost the US about $29 billion so far. A selloff in high-flying chipmakers drove stocks lower , after a hot US inflation print showed the impacts of energy disruptions stemming from the war with Iran. Asia is in for a heat check on some of its biggest names in artificial intelligence , with Tencent, Alibaba and SoftBank all set to report earnings Wednesday. Australia will overhaul tax settings that have long favored property investors as the country’s Labor government tries to shield the economy from an Iran war-driven energy shock. The party is also looking to revive moribund productivity and address intergenerational inequality that’s frustrated the nation’s youth. Here’s a breakdown of the winners and losers in Treasurer Jim Chalmers’ fiscal blueprint. One small step for AI. Alphabet’s Google is said to be in talks with S...

Activist fund Ananym Capital Management is pushing nuclear technology company BWX Technologies Inc. to tap its nuclear reactor manufacturing capabilities for commercial use. Ananym said BWX has the potential to more than double its market value by 2028 through licensing or developing its own designs for small modular reactors, or SMRs, according to a presentation by co-founder and Chief Investment Officer Alex Silver . Silver presented the pitch, which was reviewed by Bloomberg News, on Tuesday at the Sohn Investment Conference in New York. The Lynchburg, Virginia-based nuclear components manufacturer supplies nuclear reactors and fuel to the US Navy. It also provides heavy components to commercial nuclear reactors manufactured by companies such as Westinghouse , as well as servicing nuclear plants. Shares of BWX, which have gained 20% this year, fell 1.9% Tuesday in New York trading, giving the company a market value of about $19 billion. A representative for BWX didn’t immediately respond to a request for comment. Charlie Penner , a co-founder and head of engagement at Ananym, said the increasing demand for energy and bipartisan support for nuclear power in the US is creating a massive market for commercial nuclear power. A growing shift toward energy independence will also increase demand, he said. Ananym is pushing BWX to redevelop an SMR design it shelved in 2017, Penner said. The SMR would likely be less expensive to manufacture and use less water, he said . “This is a great company and they know the space best, but we are encouraging them to fully explore commercializing their mPower pressurized water SMR, which we think would attract significant buyer interest today and result in substantial long-term value creation, while still serving as a picks-and-shovels provider to other types of reactors,” Penner said. Ananym contends that the cost to push into a new business line would be manageable for BWX, considering most of the design work is done and the company...

Michael Vi/iStock Editorial via Getty Images Yelp Inc.'s ( YELP ) Q1 '26 wasn't enough to change the prevailing narrative around the stock overnight, but it was a strong quarter with a beat on the top line. Over the year, I believe the perception of Yelp has been that it's losing relevance. The company competes in a competitive market where reviews about experiences and places are everywhere. Indeed, the underlying economics are weak, with ad clicks declining and paying advertising locations down. While you're not going to get an exciting story with accelerating toplines, I view Yelp as a business that generates real cash, buys back its stock aggressively, has a net cash balance sheet, and trades at a valuation that doesn't make sense. At around $29 a share with an enterprise value of roughly $1.3 billion against 2026 EBITDA guidance of $320 million at the midpoint, the market is pricing this business at a low-single-digit EBITDA multiple. Even subtracting the $100 million in annual SBC to get to true economic EBITDA of around $220 million, you're paying roughly 6x economic EBITDA for a business with no debt, $300 million in cash, and a buyback program that retired 12% of the diluted share count in a single year. Recapping Yelp's Q1 results When looking at the latest results for Yelp, the company put up revenue of $361.5 million that grew 1% year over year. This represented a beat of $8 million relative to analyst expectations and came in at the high end of management's guidance by $6 million. EBITDA of $79.4 million declined 7% year over year but came in $15 million above the high end of guidance, thanks to better cost management. On the bottom line, EPS of $0.66 was in line with sell-side estimates. Seeking Alpha Looking at the revenue breakdown, the actual service ad revenue, which covers home services, auto, legal, and other professional categories, was up 1% to $233.8 million. This is the core of what Yelp is trying to build around, and the stability there is e...

TORONTO, May 12, 2026 (GLOBE NEWSWIRE) -- “ The first quarter of 2026 was an important period for Dundee as it marked a meaningful step in the execution of our strategy, ” said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “During the quarter, we closed an $85 million strategic partnership with Westhaven Gold Corp. to advance the Shovelnose Gold Project and the Spences Bridge Gold Belt. This transaction builds on Dundee’s long history as an active and engaged mining investor and represents a meaningful step toward deeper technical involvement, more direct project ownership, and potential future operatorship. In addition, we further strengthened our liquidity position through the sale of our net smelter royalty on the Borborema Gold Project.”

JBS一季度净营收216.1亿美元，分析师预期212.3亿美元。一季度巴西净营收37.9亿美元，分析师预期37.4亿美元；澳大利亚净营收21.5亿美元，分析师预期18.5亿美元。一季度美国猪肉净营收20.3亿美元，分析师预期20.9亿美元。一季度北美牛肉净营收71.7亿美元，分析师预期70.2亿美元。一季度净利润2.21亿美元，同比下滑56%。一季度调整后EBITDA为11.3亿美元，分析师预期12.7亿美元。

King Charles III will attend Parliament to deliver the speech outlining the government's agenda.

Amazon.com (NASDAQ:AMZN) is one of the top “blue chip” stocks that were suddenly on fire in April. Reuters reported on May 7 that, according to the French telecoms regulator, Amazon.com’s (NASDAQ:AMZN) Prime Video is set to invest at least 90 ​million euros ($105.95 million) in European video ‌and movie production in the French language this […]

Amazon.com’s (AMZN) Prime Video Set to Invest 90 ​Million Euros in French Film and TV Production, Reuters Says Yahoo Finance

Oracle (NYSE:ORCL) Stock Price Down 3.6% - Here's What Happened MarketBeat

Taiwan Semiconductor Manufacturing (NYSE:TSM) Stock Price Down 1.8% - Time to Sell? MarketBeat

Club president launches scathing attack on media No mention of turmoil, fights or José Mourinho “Good afternoon, I regret to inform you that I’m not going to resign.” In a hot, packed press room at Valdebebas before an audience hurriedly summoned to witness a news conference so bizarre that they could barely believe what they were seeing, Florentino Pérez sat at a desk with a phone that he kept looking at and some papers that he didn’t, and announced that he was calling presidential elections at Real Madrid. What he didn’t announce was a date, an electoral commission, the resignation that is required for polling to actually happen, or indeed any details at all. There was nothing about Madrid’s on-field issues either, nothing about the coach, no mention of José Mourinho, no explanation for the season they have just suffered. “I’m not here to talk about sporting issues,” Pérez said. Instead, he was there to deliver a surreal, repetitive rant that lasted over an hour, way after his own staff had tried to bring it to a close. A room of people, including the directors in the front row and lined up against one wall, looked at each other: yes, this was actually happening. Pérez went on and on, and on, the incoherent ramblings of a 79-year-old man who insisted “my health is perfect”. Continue reading...

Source: Bloomberg, 39:31

Planned legislation includes housing, immigration and energy measures, and comes amid awkwardness with the palace over Charles’s role Keir Starmer will attempt to regain the political initiative on Wednesday as his government announces a package of 35 bills for the next parliamentary session, covering everything from housing to immigration. The embattled prime minister will release details of dozens of bills that he intends to pass over the next 12 months, even as his own MPs line up to demand his resignation . Additional reporting by Caroline Davies Continue reading...

Against the backdrop of a shifting diplomatic landscape, US President Donald Trump is set to arrive in Beijing this week for a high-stakes summit. While Washington frames the visit, delayed by the war in Iran, as a pivotal effort to rebalance ties, the bravado of maximum pressure masks a deepening domestic vulnerability. Trump’s arrival comes at a critical juncture; his administration faces multiple crises. The looming 2026 midterms have intensified pressure from a restless agricultural...

Alphabet Inc.’s (GOOG) Google Offers Spam Policy Changes to Avert EU Antitrust Fine, Reuters Reports Yahoo Finance

Alphabet Inc. (NASDAQ:GOOG) is one of the top “blue chip” stocks that were suddenly on fire in April. Reuters reported on May 6 that, according to a European Commission document seen by it, Alphabet Inc.’s (NASDAQ:GOOG) Google has offered to change its ​spam policy criticised by publishers in an attempt that may support it in […]

EAF Unit 1 Fully Operational; Transition from Blast Furnace/Basic Oxygen Furnace to Electric Arc Furnace Steelmaking Complete

SpaceX, the aerospace and AI company founded by Elon Musk, could be the largest IPO in history when it goes public later this year with a target valuation of $1.75 trillion. But if it hits that valuation, it would be valued at a whopping 95 times its 2025 revenue of $18.5 billion. The bulls believe SpaceX could grow into that valuation as it expands its Starlink satellite constellation and launches more Falcon rockets. However, the bears believe the market's enthusiasm for SpaceX will quickly fizzle out as its valuations catch up to the stock. They'll also point out that it's unprofitable and faces stiff competition from smaller companies. Image source: Getty Images. Continue reading

Why Intel Corporation (INTC) Was One of the Top “Blue Chip” Stocks Suddenly on Fire in April Yahoo Finance

Intel Corporation (NASDAQ:INTC) is one of the top “blue chip” stocks that were suddenly on fire in April. Reuters reported on May 5 that, according to Bloomberg News, Apple Inc held exploratory discussions regarding the use of Intel Corporation (NASDAQ:INTC) and Samsung Electronics for the production of the main processors for its devices. Apple executives […]

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the top “blue chip” stocks that were suddenly on fire in April. KeyBanc lifted the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $530 from $330 on May 7, reaffirming an Overweight rating on the shares. The firm stated that the company posted solid fiscal Q1 […]

Was Advanced Micro Devices (AMD) One of the Top “Blue Chip” Stocks Suddenly on Fire in April? Yahoo Finance

Source: Bloomberg, 39:31

Micron Technology, Inc. (NASDAQ:MU) is one of the top “blue chip” stocks that were suddenly on fire in April. Micron Technology, Inc. (NASDAQ:MU) announced on May 5 that it is now shipping the 245TB capacity Micron® 6600 ION SSD, which marks the highest capacity commercially available SSD in the world. The company stated that the drive […]