A Los Angeles jury reached a verdict on Wednesday in a landmark social media addiction trial that involves Meta's Instagram and Google's YouTube, according to spokespeople for the plaintiff and Meta. The outcome could influence thousands of similar cases against the tech companies brought by parents, attorneys general and school districts.
A Los Angeles jury reached a verdict on Wednesday in a landmark social media addiction trial that involves Meta's Instagram and Google's YouTube, according to spokespeople for the plaintiff and Meta. The outcome could influence thousands of similar cases against the tech companies brought by parents, attorneys general and school districts.
Goldman Sachs Asset Management has adjusted its growth expectations to “around trend growth” for the year amid the war in Iran, according to Alexandra Wilson-Elizondo, global co-head of multi-asset solutions at the firm. The revised outlook reflects concerns about how financial conditions, sentiment, and rising oil prices could impact consumer behavior. In an interview with CNBC, Wilson-Elizondo e...
Goldman Sachs Asset Management has adjusted its growth expectations to “around trend growth” for the year amid the war in Iran, according to Alexandra Wilson-Elizondo, global co-head of multi-asset solutions at the firm. The revised outlook reflects concerns about how financial conditions, sentiment, and rising oil prices could impact consumer behavior. In an interview with CNBC, Wilson-Elizondo emphasized that several economic pressures were building even before the conflict began. The credit cycle has kicked off in earnest, and the labor market is showing signs of weakness. “It’s really for us, how do these factors start to compound on one another,” she said. “And it’s not difficult to imagine a scenario where a tale comes to fruition here.” Wilson-Elizondo characterized the current environment as having a “late cycle tone” and cautioned against expecting a quick rebound. “This is not the same market even as '22. It’s not the same market as last year, where everybody wants to see this miracle V-shape back up,” she explained. The strategist stressed that portfolios need “multiple versions of diversification” beyond just sector allocation. Traditional hedging strategies have been less effective recently, with the rate market failing to provide its typical correlation protection. Tail risk hedging has become increasingly important in the current climate. Goldman Sachs Asset Management is focusing on what Wilson-Elizondo called “durable themes” that can withstand market volatility. “Economic nationalism is here to stay, whether that’s robotics, defense, you know, cyber protection,” she noted, adding that these themes can “stand some of the pressure tests that come through the system.” Regarding rates, Wilson-Elizondo acknowledged that while most investors still want to be payers on the front end, valuations are becoming compelling. As markets debate the speed and magnitude of central bank responses and potential fiscal measures, she said having rates in a portfolio ca...
Clearway Energy rides on diversified assets, new solar deals and Google partnerships to fuel growth, but weather risks and transmission reliance challenge output.
Clearway Energy rides on diversified assets, new solar deals and Google partnerships to fuel growth, but weather risks and transmission reliance challenge output.
Mesut Dogan/iStock Editorial via Getty Images Introduction Oracle Corporation ( ORCL ) is attempting to build a structurally different cloud business model that will be successful regardless of which hyperscaler (AWS, Azure, or Google Cloud) their customers use. To achieve this, Oracle has taken its Exadata hardware and is now physically deploying it into the data centers of all three hyperscalers...
Mesut Dogan/iStock Editorial via Getty Images Introduction Oracle Corporation ( ORCL ) is attempting to build a structurally different cloud business model that will be successful regardless of which hyperscaler (AWS, Azure, or Google Cloud) their customers use. To achieve this, Oracle has taken its Exadata hardware and is now physically deploying it into the data centers of all three hyperscalers. With physical deployments in place, Oracle has successfully transitioned what was once an "installed base" for defense into a "growth engine" for offense -- with multicloud database usage growing at 531% YoY. Also, Oracle reported an 84% increase in cloud infrastructure revenue and a $553 billion contracted backlog. Further, the company is 41% owned by its founders, which aligns with my investment view. I, therefore, assign a Buy rating on ORCL with a fair value of $244.20 based on discounted cash flow analysis. The estimated fair value represents a potential upside of 59.7% above the stock price of $152.90 (as of writing). Company Overview Oracle Corporation is the world’s largest enterprise database vendor and a rapidly expanding cloud infrastructure provider. Approximately 430,000 clients in 175+ countries are served by the company through 3 segments: OCI (cloud infrastructure); Fusion ERP, NetSuite, and Industry SaaS (Cloud Applications); and On-Premise Licensing & Support. The company generated $57.4 billion in revenue in FY2025, with management guiding to approximately $67 billion for FY2026. Following Q3 2026 results, the cloud now accounts for over 50% of total revenue. Larry Ellison is Executive Chairman and CTO and owns 41% of the company. This makes Oracle one of the few large-cap technology companies that is so "founder aligned." Q3 2026 Results Oracle Q3 was a pivotal quarter for Oracle. It was the first time since 2007 that the company had achieved 20%+ organic revenue and non-GAAP EPS growth for a single quarter. The company’s revenue increased to $17.2 bil...
JHVEPhoto/iStock Editorial via Getty Images One of my favorite things about investing is being able to find new and interesting prospects to dig into. You can imagine my elation, then, when I came across Celestica ( CLS ), a company that has been growing rapidly over the last few years. The overall trajectory of the company is encouraging, but unfortunately, the stock is priced to match. In most c...
JHVEPhoto/iStock Editorial via Getty Images One of my favorite things about investing is being able to find new and interesting prospects to dig into. You can imagine my elation, then, when I came across Celestica ( CLS ), a company that has been growing rapidly over the last few years. The overall trajectory of the company is encouraging, but unfortunately, the stock is priced to match. In most cases, I would even consider this prospect slightly overvalued. But based on the path it is on and the success it has had in recent years, I think that rating it a "Hold" makes sense here. A Fast-Growing Prospect Most of the publicly traded companies that I analyze are incorporated in the U nited States . But not all of them. Celestica, for instance, is actually based out of Ontario, Canada. Before becoming its own separate company in September of 1996, the company had served as the manufacturing unit that offered up manufacturing services to IBM ( IBM ). It operated in that capacity for over 75 years before being acquired by another party and subsequently taken public in 1998. Today, the company promotes itself as a major player in technology, with an emphasis on enabling critical data center infrastructure for AI, cloud, and hybrid cloud companies. This space certainly has a lot of potential. According to Goldman Sachs ( GS ), back in 2023, the global cloud market was worth an estimated $496 billion. And by the year 2030, it's expected to grow to $2 trillion. To really understand this business, however, it would be helpful to look at both of its operating segments in turn. The largest and most impressive of these is none other than its Connectivity and Cloud Solutions, or CCS, segment. This is comprised of assets that cater to two separate end markets. These are none other than the Communications and Enterprise end markets. In essence, this segment focuses on building things such as servers, data storage systems, switches, optical systems, full data center racks, and more....
Wall Street is awash in “massive pools of capital” that should drive M&A activity over the long-term, even as volatility upends dealmaking, according to one of Goldman Sachs Group Inc. ’s top dealmakers. “There is an incredible amount of capital sitting with investors,” Stephan Feldgoise , Goldman’s head of global M&A, said in an interview Wednesday with Bloomberg TV. “Public equity, private equit...
Wall Street is awash in “massive pools of capital” that should drive M&A activity over the long-term, even as volatility upends dealmaking, according to one of Goldman Sachs Group Inc. ’s top dealmakers. “There is an incredible amount of capital sitting with investors,” Stephan Feldgoise , Goldman’s head of global M&A, said in an interview Wednesday with Bloomberg TV. “Public equity, private equity, public debt, private debt. That quantum of capital is substantial, looking to invest in transactions into companies. There’s lots of ways that capital can reach its destination.” The natural gravity of that flow is being reflected in what remains a fairly frothy M&A market, despite headwinds such as artificial intelligence upending software valuations. Leveraged buyouts are at all-time highs and the market for big-ticket M&A — deals worth $5 billion or $10 billion or more — is as good as it’s ever been, Feldgoise said. Corporations have learned after the pandemic that it’s important to keep doing deals that benefit them over years, not necessarily months. “If there is something that you think you should do to position you for the next, not 10 weeks or 10 months but 10 years or 20 years or 30 years, you should seriously think about doing it,” he said. The artificial intelligence boom is creating historic uncertainty, in that there’s no blueprint for navigating it, he said. While companies have some idea how to navigate a health or credit crisis, nobody knows what to really expect from AI, he said. “There’ll be some natural transitions,” Feldgoise said. “Obviously the impact of AI in that entire universe is to be seen but it’s clearly having an impact on valuations,” he added, referring to the software space. While AI is hurting software valuations, it’s having less of an impact on what Feldgoise described as “steel in the ground industries” as well as food businesses. He remains optimistic that 2026 will be a good year for M&A, despite current volatility. That’s one lesso...
The iShares Core S&P 500 ETF ( NYSEMKT: IVV ) and the State Street SPDR S&P 500 ETF Trust ( NYSEMKT: SPY ) both track the S&P 500 Index, but IVV stands out with a lower expense ratio, a higher yield, and greater assets under management. Both IVV and SPY provide exposure to large-cap U.S. equities by tracking the S&P 500. This comparison explores which fund may appeal more to investors seeking effi...
The iShares Core S&P 500 ETF ( NYSEMKT: IVV ) and the State Street SPDR S&P 500 ETF Trust ( NYSEMKT: SPY ) both track the S&P 500 Index, but IVV stands out with a lower expense ratio, a higher yield, and greater assets under management. Both IVV and SPY provide exposure to large-cap U.S. equities by tracking the S&P 500. This comparison explores which fund may appeal more to investors seeking efficient, low-cost access to the U.S. stock market, focusing on practical differences in cost, performance, risk, and portfolio structure. 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. Continue reading
Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the park Middle East crisis – live updates The days after Nowruz, the Persian New Year, are usually a bustling time in Tehran, with spring arriving, trees blossoming, businesses reopening after the holidays, and people returning to work and school. This year, however, Iranians are trying to maintain a...
Explosions lit up Tehran skyline as Israel launched new airstrikes but by morning joggers were in the park Middle East crisis – live updates The days after Nowruz, the Persian New Year, are usually a bustling time in Tehran, with spring arriving, trees blossoming, businesses reopening after the holidays, and people returning to work and school. This year, however, Iranians are trying to maintain a semblance of ordinary life against the constant backdrop of explosions, airstrikes – and a conflict many fear may drag on for weeks or months. Continue reading...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.83%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.06%. June E-mini S&P futures (ESM26 ) are up +0.81%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.83%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.06%. June E-mini S&P futures (ESM26 ) are up +0.81%, and June E-mini Nasdaq futures...
The Court of Arbitration for Sport (Cas) says it will rule on Senegal's appeal against being stripped of the Africa Cup of Nations title "as swiftly as possible".
The Court of Arbitration for Sport (Cas) says it will rule on Senegal's appeal against being stripped of the Africa Cup of Nations title "as swiftly as possible".
JetBlue ( JBLU ) soared 14% on a report that it's evaluating plans to sell itself to a rival airline. JetBlue ( JBLU ) has tapped advisers to see how a deal with United Airlines ( UAL ), Alaska Airlines ( ALK ) or Southwest Airlines ( LUV ) might be perceived in Washington, according to a Semafor report on Wednesday, which cited people familiar with the matter. JetBlue's ( JBLU ) M&A planning is p...
JetBlue ( JBLU ) soared 14% on a report that it's evaluating plans to sell itself to a rival airline. JetBlue ( JBLU ) has tapped advisers to see how a deal with United Airlines ( UAL ), Alaska Airlines ( ALK ) or Southwest Airlines ( LUV ) might be perceived in Washington, according to a Semafor report on Wednesday, which cited people familiar with the matter. JetBlue's ( JBLU ) M&A planning is preliminary, and the airline may decide to keep the status quo and not try to sell itself, according to the report. It wasn't known whether JetBlue ( JBLU ) had held any talks or received indications of interest. JetBlue declined to comment on internal talks to Semafor. “We’ve made meaningful progress on our multi-year JetForward strategy and are focused on executing the plan,” a spokesman told the publication. United ( UAL ) and Southwest ( LUV ) declined to comment to Semafor. Alaska Air ( ALK ) didn’t immediately respond to a request for comment. Shares of rival airlines rose after the Semafor report. VLRS +5.1%, ULCC +4.7%, SKYW +2.6%, JETS +2.5%, ALK +2.3%, ALGT +2.1%, UAL +2%, DAL +2%, LUV +2%, AAL +1.6%, CPA +1.5%, SNCY +1.4% More on JetBlue Airways JetBlue Airways Corporation (JBLU) Presents at JPMorgan Industrials Conference 2026 - Slideshow JetBlue Airways Corporation (JBLU) Presents at JPMorgan Industrials Conference 2026 Transcript JetBlue: Oil Prices Are Surging And That's A Problem Airline stocks spooked by Duffy's comments on airport closures Strong airline booking trends lift travel sector stocks