Some flights are less than 100 miles, and they're the backbone of the U.S. air system, linking small towns and big cities. But short routes were in decline even before jet fuel costs spiked. (Image credit: Charles Krupa)
Some flights are less than 100 miles, and they're the backbone of the U.S. air system, linking small towns and big cities. But short routes were in decline even before jet fuel costs spiked. (Image credit: Charles Krupa)
What form of government do we have in America now? Some scholars say it is no longer liberal democracy, but "competitive authoritarianism." NPR's Frank Langfitt explains the term and its origin. (Image credit: Fabrice Coffrini)
What form of government do we have in America now? Some scholars say it is no longer liberal democracy, but "competitive authoritarianism." NPR's Frank Langfitt explains the term and its origin. (Image credit: Fabrice Coffrini)
BlackRock Inc. says staying invested in credit markets for income is the best way to navigate current market volatility. While geopolitical uncertainty has pushed many investors to the sidelines, the volatility is creating opportunities for patient capital, particularly where pricing has diverged from fundamentals, BlackRock analysts wrote in the firm’s quarterly fixed-income outlook released on W...
BlackRock Inc. says staying invested in credit markets for income is the best way to navigate current market volatility. While geopolitical uncertainty has pushed many investors to the sidelines, the volatility is creating opportunities for patient capital, particularly where pricing has diverged from fundamentals, BlackRock analysts wrote in the firm’s quarterly fixed-income outlook released on Wednesday. “The returns from fixed income — because of where yields are — are at the highest they’ve been on a sustained basis for the best part of two decades and giving you attractive compounding returns,” James Turner , the firm’s head of global fixed income for EMEA, said in an interview. Yields on a Bloomberg index of euro investment-grade corporate bonds are at about 3.6%, compared to an average of less than 2% over the past decade. Even as European credit spreads have tightened back to levels seen before the Iran war, BlackRock argues that the return of healthy coupon income in credit can be an under-appreciated driver of returns, instead of reliance on price or spread moves. “It’s a much more normal environment which is more akin to how fixed income should be. You don’t need a capital return to make a good total return in fixed income anymore,” Turner added. Corporate fundamentals are providing support for the market and issuers have taken a more cautious approach to balance sheet management, the report said. That’s leading to proactive refinancing, declining leverage and healthy margins, making broad-based downgrades or defaults unlikely, it said. While the conflict has increased uncertainty around the economic, monetary and fiscal outlook, increasing growth and inflation risks, an aggressive rate hiking cycle seems unlikely, BlackRock argues. “Recession is certainly not in our base case and that in itself keeps spreads contained,” Turner said. “Most investors view when you see spreads widening at the moment is more likely a buying opportunity rather than concern.” ...
With its price down by 84% in the last five years, Cardano 's (CRYPTO: ADA) price chart probably isn't very inspiring to anyone. The network has one of the widest gaps between its market cap ($10.3 billion) and on-chain economic activity in the entire crypto sector. Its total value locked (TVL), a measure of how much capital works on a chain in decentralized finance (DeFi), is just $139 million. T...
With its price down by 84% in the last five years, Cardano 's (CRYPTO: ADA) price chart probably isn't very inspiring to anyone. The network has one of the widest gaps between its market cap ($10.3 billion) and on-chain economic activity in the entire crypto sector. Its total value locked (TVL), a measure of how much capital works on a chain in decentralized finance (DeFi), is just $139 million. There are three coins that are better buys than Cardano because they offer what it doesn't. Here's why each deserves a closer look. Image source: Getty Images. Continue reading
Report Exposes Shocking Explosion In EU Sex Crimes Authored by Steve Watson via Modernity.news, A horror report has laid bare the EU’s staggering rise in sex crimes over the last decade. Sexual violence offences have nearly doubled since 2014, while recorded rapes have surged 150 per cent. Around 1.9 million sexual offences were logged between 2015 and 2024 alone, with 256,302 occurring in 2024. B...
Report Exposes Shocking Explosion In EU Sex Crimes Authored by Steve Watson via Modernity.news, A horror report has laid bare the EU’s staggering rise in sex crimes over the last decade. Sexual violence offences have nearly doubled since 2014, while recorded rapes have surged 150 per cent. Around 1.9 million sexual offences were logged between 2015 and 2024 alone, with 256,302 occurring in 2024. Between 2015 and 2024, EU authorities recorded 664,293 rapes. The vast majority of victims were women. The findings, compiled by The Campaign for an Independent Britain, Stand for Our Sovereignty, and think tank Facts4EU, tie directly into the migration crisis that began in 2015 under Angela Merkel. Horror report lays bare the EU's staggering rise in sex crimes as fears soar over PM opening the floodgates https://t.co/7HmFYG6JCr — GB News (@GBNEWS) May 11, 2026 Critics warn that restoring any form of freedom of movement could import the same wave of violent crime the continent is now battling. The report’s authors note the sharpest increases coincide with the 2015 migration surge, though they caution that definitions and reporting practices vary by country. Trends, however, do not lie. Sexual violence offences jumped 94 per cent between 2014 and 2024. Rapes rose 150 per cent in the same period. This latest report matches what we have already documented. Rape reports in Spain have surged by a whopping 322 per cent over the last decade. The pattern repeats in Germany, where foreigners are vastly overrepresented in violent crimes and rape cases have risen 72 per cent since 2018. This data comes as Keir Starmer faces fresh pressure not to fling open Britain’s borders through any EU “reset.” Starmer’s government lost control of more than 30 councils and around 1,500 councillors last week. Rather than double down on secure borders and British sovereignty, he is eyeing a Brussels reset that could expose the UK to the very crime wave now engulfing the EU. Britain has struggled with ...
Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property developer refused to hand over the reins, people familiar with the matter said. The New York-based real estate investment firm has informed the company of its decision, ending a protracted yearlong negotiation that stalled in recent months, according to the people, who aske...
Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property developer refused to hand over the reins, people familiar with the matter said. The New York-based real estate investment firm has informed the company of its decision, ending a protracted yearlong negotiation that stalled in recent months, according to the people, who asked not to be identified because the information is private. Goldman Sachs Group Inc. advised Blackstone on the deal, the people added. Talks drifted since March as New World held parallel discussions with other suitors, including a consortium led by RRJ Capital and Ares Management Corp. , the people said. Unlike Blackstone, those groups are not pushing for a controlling stake, opting instead for minority positions that would allow the Cheng family to remain as the largest shareholder, the people said. Under the original plan, Blackstone would become the largest shareholder, proposing to inject about $2.5 billion into a special‑purpose vehicle, while the Cheng family would contribute $1 billion to $1.5 billion, one of the people said in March. Read more: New World Weighs Sale of Stake in $2 Billion Hotel Portfolio Representatives for Blackstone, Goldman, New World and Ares declined to comment. A spokesperson for RRJ didn’t respond to a query. RRJ is still assembling a consortium and has proposed acquiring less than 30% in New World via a share sale. Ares has offered a capital injection to shore up the company’s balance sheet, but has insisted that the Cheng family pledge shares as collateral. It has also invited some Asian sovereign funds to join the consortium, the people said. Read More: Blackstone Talks on $4 Billion New World Deal Stall Over Control It stands in contrast with Blackstone’s plan. The US alternative asset manager had sought to restructure the property firm to reduce leverage, reset bank loan terms and review assets, the people said. CapitaLand Investment Ltd...
Tencent ( TCEHY ): Q1 Non-GAAP EPS of RMB 7.36. Revenue of RMB 196.46B (+9.1% Y/Y). Revenues from VAS increased by 4% year-on-year to RMB96.1 billion for 1Q2026. Domestic Games revenues were RMB45.4 billion, up 6% YoY. International Games revenues were RMB18.8 billion, up 13% YoY (14% on a constant-currency basis). Revenues from Marketing Services were RMB38.2 billion for 1Q2026, up 20% YoY, impro...
Tencent ( TCEHY ): Q1 Non-GAAP EPS of RMB 7.36. Revenue of RMB 196.46B (+9.1% Y/Y). Revenues from VAS increased by 4% year-on-year to RMB96.1 billion for 1Q2026. Domestic Games revenues were RMB45.4 billion, up 6% YoY. International Games revenues were RMB18.8 billion, up 13% YoY (14% on a constant-currency basis). Revenues from Marketing Services were RMB38.2 billion for 1Q2026, up 20% YoY, improving from 17% YoY growth in 4Q2025. Revenues from FinTech and Business Services increased by 9% YoY to RMB59.9 billion for 1Q2026. Non-IFRS operating profit: +9% Y/Y. Capital expenditure was RMB31.9 billion, up 16% YoY. Total cash was RMB533.7 billion, up 12%. Free cash flow was RMB56.7 billion, up 20% YoY. Net cash position totalled RMB146.9 billion, up 63%. More on Tencent Tencent's 1.4 Billion Users Give It An AI Edge No Western Platform Can Match Tencent: Not A Bargain Despite YTD Share Price Weakness Tencent Holdings Limited (TCEHY) Q4 2025 Earnings Call Transcript DeepSeek may be valued at $45B as China's Big Fund eyes investment - report Chinese tech firms rush for Huawei AI chips after DeepSeek's V4 launch: report
Maskot/DigitalVision via Getty Images Upwork ( UPWK ) stock was hit hard last week after the company reported earnings. Right out of the gate for the fiscal year, the company cut guidance materially. This stoked fears that the advancements made in AI are reducing the company's ability to find job posters for the freelance demand that exists. In addition to a large workforce restructuring, the comp...
Maskot/DigitalVision via Getty Images Upwork ( UPWK ) stock was hit hard last week after the company reported earnings. Right out of the gate for the fiscal year, the company cut guidance materially. This stoked fears that the advancements made in AI are reducing the company's ability to find job posters for the freelance demand that exists. In addition to a large workforce restructuring, the company did little to help itself stave off this narrative. However, I'm not convinced that AI is the death knell for this company, and given the distressed valuation it currently trades at, I see an opportunity for an outsized return as the company's results stabilize. Business Profile Upwork is a platform that connects businesses and individuals with on-demand workers, whether they be freelance, agency, fractional, or on payroll. The company measures growth via something called GSV. This is gross service value. The company has customers in over 180 countries and produced nearly $4 billion in GSV last year in 2025. The company, as of Q1, has 784,000 active clients, down 3% y/y. AI is also starting to play a role in the company's operations. The company recently brought the marketplace to ChatGPT that allows job posters to describe project needs, discover talent, and draft posts much faster with better quality in order to create job postings that are more likely to attract not just more talent, but the right talent. The company has also recently launched an AI work agent called Uma to assist SMBs in hiring talent. As a result, with the Q1 update, we learned that GSSV from AI-related work increased more than 40% y/y. The AI Integration & Automation category on Upwork, which is the largest AI-related work subcategory, grew nearly 50% y/y. The company is a global business, but a majority of GSV comes from US clients at nearly 70%. The workforce, however, is largely international. Only 25% of 2025 GSV came from US-based workers. India and the Philippines are the largest internation...
The market is poised for growth driven by increasing enterprise data, AI, and multi-cloud strategies. Key opportunities include adopting advanced AI for security, embracing hybrid architectures, and transitioning to sustainable storage solutions. Cloud Storage Market Cloud Storage Market Dublin, May 13, 2026 (GLOBE NEWSWIRE) -- The "Cloud Storage Market - Global Industry Size, Share, Trends, Oppor...
The market is poised for growth driven by increasing enterprise data, AI, and multi-cloud strategies. Key opportunities include adopting advanced AI for security, embracing hybrid architectures, and transitioning to sustainable storage solutions. Cloud Storage Market Cloud Storage Market Dublin, May 13, 2026 (GLOBE NEWSWIRE) -- The "Cloud Storage Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031F" has been added to ResearchAndMarkets.com's offering. The Global Cl
Alex Wroblewski/Getty Images News Jamie Dimon, CEO of JPMorgan Chase ( JPM ), warned the UK that any move to raise taxes on banks if Keir Starmer were replaced as prime minister could prompt the bank to reconsider plans to invest billions in a new London headquarters at Canary Wharf. JPMorgan announced plans in late November to construct what is expected to become London’s largest office building ...
Alex Wroblewski/Getty Images News Jamie Dimon, CEO of JPMorgan Chase ( JPM ), warned the UK that any move to raise taxes on banks if Keir Starmer were replaced as prime minister could prompt the bank to reconsider plans to invest billions in a new London headquarters at Canary Wharf. JPMorgan announced plans in late November to construct what is expected to become London’s largest office building in the Canary Wharf financial district, shortly after Chancellor Rachel Reeves unveiled a budget that largely avoided imposing additional burdens on banks. The planned office will cover roughly 3M square feet and accommodate up to 12,000 employees. Including construction costs, the six-year project is expected to contribute £9.9B ($13.4B) to the local economy and create around 7,800 jobs, according to the bank. Dimon’s comments come as calls for Starmer’s resignation have intensified after Labour suffered heavy losses in last week’s local elections, with dozens of Labour MPs and several ministers reportedly urging him to step down. Asked whether JPMorgan might revisit its office plans amid the resulting political uncertainty, Dimon made the bank’s position clear. “Not political instability, but if they become hostile to banks again, yes,” Dimon said in an interview with Bloomberg TV on Tuesday at JPMorgan’s annual Global Markets Conference in Paris. “I’ve always objected to the fact, we didn’t damage the UK in any way, we paid probably $10 billion in extra taxes by now. I don’t think that’s right or fair. If that happens too much we will reconsider.” Bond markets have reacted negatively to the prospect of Starmer being ousted, amid concerns that a successor could shift the government further left with higher taxes and increased public spending. More on JPMorgan Chase JPMorgan Preferreds Pair Trade Idea JPMorgan Q1: The Banking Giant Still Offers Relative Safety And Potential Long-Term Returns JPMorgan Chase: The Warning May Be More Important Than The Earnings JPMorgan set t...