JJFarquitectos/iStock Editorial via Getty Images Telefónica ( TEF ) reported Q1 revenue almost flat to €8.13B, reflecting modest organic growth despite ongoing portfolio restructuring and divestments. Segment-wise: B2C revenue rose 1.5% Y/Y at constant exchange rates to €4.81B, representing 59% of total revenue; B2B revenue increased 5.7% Y/Y to €1.93B, accounting for 24%; while wholesale revenue ...
JJFarquitectos/iStock Editorial via Getty Images Telefónica ( TEF ) reported Q1 revenue almost flat to €8.13B, reflecting modest organic growth despite ongoing portfolio restructuring and divestments. Segment-wise: B2C revenue rose 1.5% Y/Y at constant exchange rates to €4.81B, representing 59% of total revenue; B2B revenue increased 5.7% Y/Y to €1.93B, accounting for 24%; while wholesale revenue declined 7.4% Y/Y to €1.39B, making up the remaining 17%. Telefónica España posted 2% Y/Y growth in revenue and adjusted EBITDA with over 16 million mobile contract lines; Telefónica Brasil reported 7.4% revenue growth and 8.7% EBITDA growth with record 117.5 million accesses, while Telefónica Deutschland continued mobile customer growth despite the 1&1 migration impact Adjusted EBITDA rose to approximately €2.84B in Q1. Adjusted net income from continuing operations reached €482M in Q1. Loss from discontinued operations totaled €798M, mainly due to divestments in Chile, Colombia, and Mexico, resulting in a Group net loss of €411M in Q1. Telefónica ( TEF ) confirmed its full-year 2026 guidance, which includes: revenue growth of around ~1%–2% (organic), adjusted EBITDA growth broadly stable to low-single-digit positive, capex at approximately ~12–13% of sales, and continued improvement in free cash flow, alongside a maintained dividend floor of €0.30 per share. More on Telefonica S.A. Telefónica, S.A. (TEF) Q4 2025 Earnings Call Transcript Telefónica, S.A. 2025 Q4 - Results - Earnings Call Presentation Europe's telecoms are dominating the foreign communication services' Quant rankings Top Quant rated Spanish stocks as Trump threatens trade cut off with the country Seeking Alpha’s Quant Rating on Telefonica S.A.
Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller Thomas DiNapoli, as well as New York City Comptroller Mark Levine and California Public Employees’ Retirement System (CalPERS) C...
Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller Thomas DiNapoli, as well as New York City Comptroller Mark Levine and California Public Employees’ Retirement System (CalPERS) CEO Marcie Frost, wrote a letter to Musk, accessed by Reuters on Wednesday. Notably, CalPERS had also
Bet_Noire/iStock via Getty Images By Christian Floro, CFA, Market Strategist Originally published on May 12, 2026 A long-standing critic of the Fed, incoming Chairman Kevin Warsh is set on bringing in a new era for the Federal Reserve. Though the institution’s consensus-driven nature will likely prevent a large shift in its overall monetary policy reaction function, Chairman Warsh is most likely t...
Bet_Noire/iStock via Getty Images By Christian Floro, CFA, Market Strategist Originally published on May 12, 2026 A long-standing critic of the Fed, incoming Chairman Kevin Warsh is set on bringing in a new era for the Federal Reserve. Though the institution’s consensus-driven nature will likely prevent a large shift in its overall monetary policy reaction function, Chairman Warsh is most likely to also bring about changes that could result in a smaller balance sheet, looser bank regulations, and an overhaul of the way it communicates with markets. Complicated transition underway Having cleared the political logjam in the Senate Banking Committee, Kevin Warsh is all but expected to be confirmed by the full Senate and seated at the Federal Reserve by May 16. While this removes a key unknown facing the Fed, another important consideration is Powell’s historically rare decision to remain as a Fed governor after his term as chair ends. Though Powell has stressed that he will take a more backseat role from a public perspective, his choice to stay - potentially through to the end of his term in 2028 - could still allow him to exert his influence over policy decisions and provide a counterweight to Warsh. Importantly, it also limits President Trump’s ability to reshape the committee with additional appointments more aligned with his preferences. This shuts the door, for now, on his ability to further solidify his influence over the institution. With ongoing concerns about the Fed's independence, Powell’s decision to stay on will not only add uncertainty to the impending leadership transition but also potentially complicate the Warsh Fed’s reaction function. The new reaction function Though Warsh often had a hawkish bias during his time as a Fed governor from 2006 to 2011, especially after the global financial crisis, his remarks more recently have leaned in the opposite direction. He has argued that the U.S. economy faces an enduring AI-driven productivity boom that will l...
Revolut Ltd. has received approval from UK regulators to expand its investment offerings in the country, as the fintech firm seeks to win more wealthy clients. The firm’s trading entity is reworking its model to offer competitive pricing, according to a statement Thursday. It also will begin to offer portfolio management and private wealth services. The London-based digital bank is already authori...
Revolut Ltd. has received approval from UK regulators to expand its investment offerings in the country, as the fintech firm seeks to win more wealthy clients. The firm’s trading entity is reworking its model to offer competitive pricing, according to a statement Thursday. It also will begin to offer portfolio management and private wealth services. The London-based digital bank is already authorized to hold and control client money, according to the Financial Conduct Authority ’s website. Revolut opened up UK and European equities and exchange-traded funds to its users last year. Revolut’s trading unit had about 1.2 million customers at the end of last year, with £733.3 million ($992 million) of assets under administration, according to a financial report. The company is also looking to integrate artificial intelligence into its investments, it said in the statement.
SkyBridge Capital founder Anthony Scaramucci suggested on Wednesday that Bitcoin (CRYPTO: BTC) is tracing an adoption path akin to that of Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT). Scaramucci Says Bitcoin Can’t Be ‘Devalued’ During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people t...
SkyBridge Capital founder Anthony Scaramucci suggested on Wednesday that Bitcoin (CRYPTO: BTC) is tracing an adoption path akin to that of Amazon.com Inc. (NASDAQ:AMZN) and Microsoft Corp. (NASDAQ:MSFT). Scaramucci Says Bitcoin Can’t Be ‘Devalued’ During an interview with RiskReversal Media, Scaramucci said that traditional fiat money is essentially “worthless,” but it gains value because people trust it. Bitcoin, he added, is an improved version, which happens to be “an open, transparent, fully
(Bloomberg) -- President Donald Trump became the first US leader in almost a decade to visit China when he landed in Beijing on Wednesday. His much-anticipated two-day summit with President Xi Jinping — delayed from March due to the Iran war — offers the leaders of the world’s two largest economies a chance to reset personal ties and look for common ground on trade, technology and a range of other...
(Bloomberg) -- President Donald Trump became the first US leader in almost a decade to visit China when he landed in Beijing on Wednesday. His much-anticipated two-day summit with President Xi Jinping — delayed from March due to the Iran war — offers the leaders of the world’s two largest economies a chance to reset personal ties and look for common ground on trade, technology and a range of other contentious topics. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday,
India faces the challenge of bridging deep divisions within the BRICS bloc gathering in New Delhi this week, as members remain split over the Middle East conflict. New Delhi is hosting the two-day BRICS foreign ministers’ meeting, which kicks off Thursday, with External Affairs Minister Subrahmanyam Jaishankar chairing the gathering. The bloc has been at odds over how to respond to the war in Iran...
India faces the challenge of bridging deep divisions within the BRICS bloc gathering in New Delhi this week, as members remain split over the Middle East conflict. New Delhi is hosting the two-day BRICS foreign ministers’ meeting, which kicks off Thursday, with External Affairs Minister Subrahmanyam Jaishankar chairing the gathering. The bloc has been at odds over how to respond to the war in Iran, following US and Israeli strikes launched more than two months ago, with divisions deepening as members appear to be aligned on opposing sides. In remarks on Thursday, Jaishankar urged the group to work towards a more stable and inclusive international order. “The conflict in West Asia merits particular attention. Continuing tensions, risks to maritime traffic, and disruptions to energy infrastructure highlight the fragility of the situation,” he said. Iran has been pressing the group to condemn the military campaign by US and Israel, and has sought India’s backing in doing so, Bloomberg reported earlier. The United Arab Emirates, which joined the group in 2024, is unlikely to agree. Iran, also a BRICS member since 2024, has responded to the US attacks by launching strikes at the UAE and Saudi Arabia. On Wednesday, Iranian Deputy Foreign Minister Kazem Gharibabadi said one member country was pushing the group to condemn Iran, holding up a consensus on the conflict, according to India’s PTI news agency . He did not name the country. “India remains committed to engaging constructively with all partners,” Jaishankar said on Thursday. Meanwhile, the gathering risks being overshadowed by US President Donald Trump’s visit to Beijing. China is Iran’s biggest buyer of oil and a key provider of diplomatic support on the world stage. The BRICS has fallen short of reaching consensus on key global issues in the past. Last year, the group condemned the July 2025 US-Israeli strikes on Iran, but it was was silent on the US capture of Venezuelan President Nicolas Maduro in January. “Indi...