Passengers board trains at Chengdu East Railway Station on May 4, 2026. Photo: VCG China’s civil aviation passenger volume unexpectedly dropped during the May Day holiday for the first time since the pandemic, as soaring fuel costs and changing vacation schedules dampened flight demand. While air travel fell 5.7% year-on-year to 10.54 million passengers between May 1 and May 5, railway journeys gr...
Passengers board trains at Chengdu East Railway Station on May 4, 2026. Photo: VCG China’s civil aviation passenger volume unexpectedly dropped during the May Day holiday for the first time since the pandemic, as soaring fuel costs and changing vacation schedules dampened flight demand. While air travel fell 5.7% year-on-year to 10.54 million passengers between May 1 and May 5, railway journeys grew 4.6% to 1.06 billion, pushing total cross-regional movement up 3.5% to 1.52 billion trips, according to the Ministry of Transport.
The chip industry is on course to become a $1 trillion business in 2026, confirming its ascent from technology backwater to centerpiece of the world economy. But as revenue skyrockets and investors pile in, creating some of the world’s most valuable companies, strains are beginning to show. The truly global business of designing and manufacturing electronic components, essential to everything from...
The chip industry is on course to become a $1 trillion business in 2026, confirming its ascent from technology backwater to centerpiece of the world economy. But as revenue skyrockets and investors pile in, creating some of the world’s most valuable companies, strains are beginning to show. The truly global business of designing and manufacturing electronic components, essential to everything from supercomputers to household electronics, is facing unprecedented demand, and scrutiny. On this episode of Bloomberg Primer , we explain how companies and governments are scrambling to adapt and—for the first time in decades—rethink where chips are made. Huge changes in the industry are manifesting themselves in places like Phoenix, where Taiwan Semiconductor Manufacturing Co. has turned a patch of desert into one of the world’s most advanced facilities. TSMC’s first major foray into US production reverses the migration of a crucial skillset from a nation that still dominates electronic component design—but has lost much of its manufacturing base. And just an hour north of Dallas in Sherman, Texas, the industry’s oldest company also is bucking that trend. Not only is Texas Instruments Inc. building simple analog chips in a state-of-the art facility and spending billions of dollars on new plants, it’s doing it in a high-cost US location. The company’s leadership is eying competition that’s emerging in China, and betting that so-called leading-edge manufacturing will give them an advantage in countering heavy spending on new production by the world’s second-largest economy. For aspiring and current leaders in chip manufacturing—TSMC and Texas Instruments included—all roads lead to Veldhoven, a sleepy town in the Netherlands. There, ASML Holding NV is working on machines that are essential to chipmaking. The company now has a market value of more than half a trillion dollars. But while its technical prowess has given it a virtual monopoly in extreme ultraviolet lithography, th...
mohd izzuan Oscar Health ( OSCR ) added ~10% in the premarket on Wednesday after the health insurer exceeded Street forecasts with its Q1 2026 earnings amid a notable decline in its medical expenses. However, the New York-based firm’s revenue for the quarter missed estimates by $270M, reaching $4.7B with ~53% YoY growth due to multiple reasons, including memberships and rate increases. The medical...
mohd izzuan Oscar Health ( OSCR ) added ~10% in the premarket on Wednesday after the health insurer exceeded Street forecasts with its Q1 2026 earnings amid a notable decline in its medical expenses. However, the New York-based firm’s revenue for the quarter missed estimates by $270M, reaching $4.7B with ~53% YoY growth due to multiple reasons, including memberships and rate increases. The medical loss ratio, a key industry benchmark indicating the proportion of premium revenue spent on medical care, reached 70.5% compared to 75.4% in the prior year period, thanks mainly to the company’s pricing strategy. Meanwhile, its SG&A expense ratio also dropped 60 bps from Q1 2025 to 15.2%, and the company recorded over a 120% YoY rise in adjusted EBITDA, which reached $721.1M, exceeding the $435.7M projected by analysts, according to Bloomberg data. However, Oscar Health ( OSCR ) reiterated its full-year 2026 outlook, indicating 82.4%-83.4% of MLR and $250M-$450M of earnings on $18.7B-$19.0B of revenue. “We are reaffirming our guidance and remain on track to significantly expand margins and achieve meaningful profitability in 2026,” CEO Mark Bertolini added. More on Oscar Health Oscar Health Earnings Review: The Best Q1 Scenario We Could Hope For Oscar Health At A Crossroads: A Credibility‑Based Stock Facing An Explode‑Or‑Sink Setup Oscar Health: A High-Growth Story With Significant Re-Rating Potential Oscar Health GAAP EPS of $2.07 beats by $0.89, revenue of $4.65B misses by $270M Oscar Health Q1 2026 Earnings Preview
Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers. The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure. The deal shows how the AI boom is lifting demand beyond chips, benefiting suppliers such as Corning that make the fiber-optic e...
Corning and Nvidia said on Wednesday they would partner to expand U.S. production of optical connectivity products used in artificial intelligence data centers. The specialty glass maker also raised its long-term sales targets on surging demand for AI infrastructure. The deal shows how the AI boom is lifting demand beyond chips, benefiting suppliers such as Corning that make the fiber-optic equipment needed to move data between thousands of processors in large data centers.
In April, telcos, OEMs, and retailers rolled out 960 smartphone promos, down 28% month-over-month with trade-ins, bundles, and new line offers leading the promotional activity.
In April, telcos, OEMs, and retailers rolled out 960 smartphone promos, down 28% month-over-month with trade-ins, bundles, and new line offers leading the promotional activity.
Lucid (NASDAQ: LCID) has had enough trouble selling vehicles and explaining billion-dollar losses. Its new CEO made Wall St.’s perception of Lucid’s prospects even worse. He said he needs to review the EV firm’s operations. He hinted that, in the short term, these may be poor. New CEO Silvio Napoli said, on Lucid’s quarterly investment ... Lucid Shares Ruined By New CEO
Lucid (NASDAQ: LCID) has had enough trouble selling vehicles and explaining billion-dollar losses. Its new CEO made Wall St.’s perception of Lucid’s prospects even worse. He said he needs to review the EV firm’s operations. He hinted that, in the short term, these may be poor. New CEO Silvio Napoli said, on Lucid’s quarterly investment ... Lucid Shares Ruined By New CEO
Morgan Stanley ( MS ) is adding crypto trading to its E*Trade platform, forging into the space by challenging rivals on price, according to a media report on Wednesday. The bank's fee for executing crypto transactions is 50 basis points per dollar value of each trade, Bloomberg News reported, citing an interview with Morgan Stanley's head of wealth management. By contrast, Robinhood Markets' ( HOO...
Morgan Stanley ( MS ) is adding crypto trading to its E*Trade platform, forging into the space by challenging rivals on price, according to a media report on Wednesday. The bank's fee for executing crypto transactions is 50 basis points per dollar value of each trade, Bloomberg News reported, citing an interview with Morgan Stanley's head of wealth management. By contrast, Robinhood Markets' ( HOOD ) fees start at 95 bps, Coinbase Global's ( COIN ) begins at 60 bps, and Charles Schwab ( SCHW ) will charge 75 bps. The new offering is in a pilot phase and will be rolled out to all of E*Trade's 8.6M customers later this year, Bloomberg said. On the belief that traditional finance and decentralized finance, or DeFi, will converge, the Wall Street bank is pushing into a space once spurned by large banks. It reasons that providing crypto offerings across its business lines will keep customers from going to other platforms for crypto trading. "This is much bigger than trading crypto at a cheaper rate," Jed Finn, Morgan Stanley’s head of wealth management, told Bloomberg. "In a way, the strategy is disintermediating the disintermediators." Morgan Stanley ( MS ) stock rose 1.6% in premarket trading. More on Morgan Stanley Morgan Stanley: Impressive Q1 But Valuation Remains Hot Wall Street Lunch: Trump Threatens To Fire Fed Chief Powell Morgan Stanley (MS) Q1 2026 Earnings Call Transcript Meta taps Morgan Stanley, JPMorgan for $13B El Paso AI data center deal: report Insider trades: Morgan Stanley, Uber, Adobe among notable names
Apollo Global Management ( APO ) declares $0.5625/share quarterly dividend . Payable May 29; for shareholders of record May 19; ex-div May 19. See APO Dividend Scorecard, Yield Chart, & Dividend Growth. More on Apollo Global Management Apollo's Private Credit Infrastructure Is Heavily Discounted Apollo Global: I'm Downgrading To Buy Ahead Of A Tougher Q1 Apollo Global Management, Inc. (APO) M&A Ca...
Apollo Global Management ( APO ) declares $0.5625/share quarterly dividend . Payable May 29; for shareholders of record May 19; ex-div May 19. See APO Dividend Scorecard, Yield Chart, & Dividend Growth. More on Apollo Global Management Apollo's Private Credit Infrastructure Is Heavily Discounted Apollo Global: I'm Downgrading To Buy Ahead Of A Tougher Q1 Apollo Global Management, Inc. (APO) M&A Call Transcript Apollo Global Q1 earnings top earnings on strong fee-related earnings; AUM exceeds $1T Apollo Global Management Non-GAAP EPS of $1.94 beats by $0.06
Most people don't miss the strategy. They miss the patience. Amazon founder Jeff Bezos made that clear while recounting a conversation with Berkshire Hathaway Chair Warren Buffett. "I once asked Warren Buffett, why don't more people copy your investment strategy?...
Most people don't miss the strategy. They miss the patience. Amazon founder Jeff Bezos made that clear while recounting a conversation with Berkshire Hathaway Chair Warren Buffett. "I once asked Warren Buffett, why don't more people copy your investment strategy?...
Medline Inc. (NASDAQ:MDLN) is one of the best young stocks to buy and hold for the next decade. On May 4, Medline officially launched Mpower, a cloud-based, AI-powered digital control tower designed to enhance supply chain resiliency for healthcare providers. Developed in collaboration with Microsoft and informed by feedback from US health systems, the platform […]
Medline Inc. (NASDAQ:MDLN) is one of the best young stocks to buy and hold for the next decade. On May 4, Medline officially launched Mpower, a cloud-based, AI-powered digital control tower designed to enhance supply chain resiliency for healthcare providers. Developed in collaboration with Microsoft and informed by feedback from US health systems, the platform […]
Getty Images Introduction Sandisk ( SNDK ) has been the biggest winner this year as it rallied over 356% YTD based on the thesis that NAND has de-cyclicalized through the $42B in long-term hyperscaler contracts and that the current gross margins represent a structural reset. I want to address whether this performance represents a permanent elevation of the business model or the most extreme cyclic...
Getty Images Introduction Sandisk ( SNDK ) has been the biggest winner this year as it rallied over 356% YTD based on the thesis that NAND has de-cyclicalized through the $42B in long-term hyperscaler contracts and that the current gross margins represent a structural reset. I want to address whether this performance represents a permanent elevation of the business model or the most extreme cyclical peak in the history of the industry. Current Dynamics I’ll dive into how Sandisk has become what it is right now, as it spun off from Western Digital ( WDC ) back in February 2025, a move necessary considering the diverging capital requirements and market dynamics of the HDD and NAND flash divisions. The combined entity was generally penalized by a conglomerate discount, where the steady but slow growth of the HDD business masked the explosive potential of the flash segment. The spin-off clearly was the right move, considering the share appreciation of both Sandisk and Western Digital, as it allowed both of them to become pure-plays at the right time of the AI supercycle. Going more recently, I’ll dive into the latest earnings to grasp the current trajectory of the firm. First, SNDK posted a massive 252.1% Y/Y growth rate on revenue that reached $5.95B for the quarter, a beat of over $1.22B, while Q1 Non-GAAP EPS stood at $23.41, an incredible beat of $8.75. These are more than highly impressive numbers, but it was effectively linked to the pricing power and product mix rather than sheer volume. Bit shipments were reported as flat Y/Y and actually down high-teens on a quarterly basis. That’s a paradox that was deliberate, as the firm decided to move away from low-value consumer segments toward the premium datacenter configurations. The most startling metric was the non-GAAP gross margin of 78.4% , which is a far cry from the NAND industry averages that typically hover between 30% and 40% and are categorized as robust. The 78% print suggests a temporary suspension of the ...