Shares of Nebius Group (NASDAQ: NBIS) popped on Wednesday after the cloud computing infrastructure provider boosted its artificial intelligence (AI)-fueled growth forecast. Image source: Getty Images. Nebius Group's revenue rocketed 684% higher year over year to $399 million in the first quarter. Continue reading
Shares of Nebius Group (NASDAQ: NBIS) popped on Wednesday after the cloud computing infrastructure provider boosted its artificial intelligence (AI)-fueled growth forecast. Image source: Getty Images. Nebius Group's revenue rocketed 684% higher year over year to $399 million in the first quarter. Continue reading
WaraJenny/iStock Editorial via Getty Images Introduction The last time I covered Diageo plc ( DEO ), I reiterated their Buy rating as the sooner-than-expected dividend cut placed the company in a better position in the face of a potential recovery, with the new CEO (rightfully known as "Drastic Dave") taking quick action to steer the company during uncertain times. Following a solid quarter despit...
WaraJenny/iStock Editorial via Getty Images Introduction The last time I covered Diageo plc ( DEO ), I reiterated their Buy rating as the sooner-than-expected dividend cut placed the company in a better position in the face of a potential recovery, with the new CEO (rightfully known as "Drastic Dave") taking quick action to steer the company during uncertain times. Following a solid quarter despite the ongoing macro pressure, DEO remains a Buy, backed by a valuation that already seems to imply a good margin of safety, standing to benefit significantly from a potential re-rating in the long term as macro conditions improve and the new CEO's turnaround efforts deliver results in what could be their "new era." Solid Performance Despite Macro Pressure Diageo plc IR Diageo reported an overall good Q3'FY26 report given the macro conditions, with a 2.3% increase in net sales to $4.5 billion, although total organic net sales grew by only 0.3% (0.4% volume, -0.1% price/mix), marked by a significant 9.4% decline in North America as a result of "soft market conditions and the need for a more competitive offer" alongside some weakness in China (where Chinese white spirits dropped by over 20%), helped by the strong 17.1% organic net sales growth in Africa, 16.2% in LATAM and the Caribbean, and 8.8% in Europe, highlighting broader trends seen across several other industries where NA and APAC weigh down on performances. Meanwhile, Guinness continued to do well even in this environment alongside ready-to-drink products, with the CFO highlighting the continued consumer weakness seen in the US and China during their Q3 FY26 Sales/Trading Call : In North America, organic net sales declined high single digits, reflecting continued U.S. spirits weakness. Asia Pacific net sales declined slightly with weakness in Chinese white spirits, offsetting low single-digit growth in international premium spirits and some benefit in the region from the later timing of Chinese New Year. This further ...
Hunter Hunt , the grandson of famed Texas oil baron H.L. Hunt, is concerned about the impact from damaged Middle Eastern energy infrastructure that could leave oil production lower for years to come. In a fireside chat led by Lorie Logan , president of the Federal Reserve Bank of Dallas , Hunt talked about a number of Iran war issues including shut-in oil production, damage to refineries and the e...
Hunter Hunt , the grandson of famed Texas oil baron H.L. Hunt, is concerned about the impact from damaged Middle Eastern energy infrastructure that could leave oil production lower for years to come. In a fireside chat led by Lorie Logan , president of the Federal Reserve Bank of Dallas , Hunt talked about a number of Iran war issues including shut-in oil production, damage to refineries and the effective closure of the Strait of Hormuz, through which about a fifth of the world’s crude used to flow. “This has been everybody’s worst case nightmare scenario of planning,” the co-president of Hunt Consolidated Inc. said Wednesday. “This has woken up the Iranians to take a slightly different view of how they view that Strait, and what they can get away with.” Hunt’s public comments are rare for an executive tasked with running 91-year-old Hunt Oil, which has operations globally including Yemen and the Kurdish region of Iraq. He also said at the Dallas Fed event that his family’s closely held energy group has recently signed a memorandum of understanding in Venezuela, where acting President Delcy Rodriguez is looking to revive production. Hunt raised concerns with the amount of oil production shut in by countries in the Middle East since the US-Israel war began in Iran in late February. “We’re in uncharted waters; we’ve never seen volumes like this shut down the way that it’s been,” he said. “There are legitimate questions about when you open the Strait up again and everybody can produce again the way they did, those reservoirs may not act the way that they were acting on Feb. 27 at all.” It’s possible that oil production from the Middle East may remain materially lower for years to come because of the damage suffered there, Hunt said. “The infrastructure damage to the refining assets are real,” Hunt said. “There’s a lot of refining capacity that’s sitting inside of the Gulf that’s been harmed out of this.”
Trump's Booming War Economy Explained In One Chart Defense Secretary Pete Hegseth spoke with lawmakers last week and, at one point, laid out how the U.S. war economy is roaring back to life under the Trump administration. Hegseth's message was clear: President Trump's "smart business deals" have sent an unmistakable demand signal to defense-industrial partners: build more, build faster, and prepar...
Trump's Booming War Economy Explained In One Chart Defense Secretary Pete Hegseth spoke with lawmakers last week and, at one point, laid out how the U.S. war economy is roaring back to life under the Trump administration. Hegseth's message was clear: President Trump's "smart business deals" have sent an unmistakable demand signal to defense-industrial partners: build more, build faster, and prepare for sustained procurement. "The department has helped stimulate more than two hundred and fifty private investment deals in thirty-nine states, 180 cities, 150 companies worth more than 50 billion dollars," Hegseth said, adding, "It's resulted in 280 new or expanded facilities with 18 million square feet of American manufacturing and more than 70 thousand new jobs in defense." . @SECWAR "Over the past year, through historic, multi-year procurement agreements – smart business deals – we have sent a permanent, unambiguous demand signal to our industry partners to BUILD MORE AND BUILD FASTER. The result has been a surge – a revitalization – of our great… pic.twitter.com/wrqI5e5HQR — DOW Rapid Response (@DOWResponse) April 29, 2026 Hegseth's comments about America's industrial base roaring back to life should come as no surprise to readers, as we've outlined: War Economy Returns: From Trucks To Tanks, Pentagon Looks To Automakers To Rebuild America's Arsenal Race To Refill U.S. Weapons Stockpiles Will Supercharge War Economy "By changing our department's business model, American companies are investing in America with their own money, their own capital. A historic demonstration of American manufacturing and defense revitalization – all again with their capital, not Uncle Sam's," Hegseth noted. Following Hegseth's testimony with lawmakers, the Department of War posted on X a graphic titled "The Arsenal of Freedom," which maps out the department's defense-industrial investments since January 20, 2025. Welcome to the war economy. Tyler Durden Wed, 05/13/2026 - 21:20