London, UK, May 06, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), the company building intelligent infrastructure for global trade, today announced the appointment of Vikram Sharma as Chief Revenue Officer, Infrastructure. Sharma brings over 25 years of experience across commercial finance, infrastructure strategy and emerging market expansion. He has ...
London, UK, May 06, 2026 (GLOBE NEWSWIRE) -- RedCloud Holdings plc (Nasdaq: RCT) (“RedCloud” or the “Company”), the company building intelligent infrastructure for global trade, today announced the appointment of Vikram Sharma as Chief Revenue Officer, Infrastructure. Sharma brings over 25 years of experience across commercial finance, infrastructure strategy and emerging market expansion. He has held senior roles at Microsoft, Alfa Laval and Sony Ericsson. This new CRO role brings dedicated lea
Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance In our preview to this morning 's Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes with one likely change would be dropping “ at...
Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance In our preview to this morning 's Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes with one likely change would be dropping “ at least” while retaining the expectation for unchanged coupon sizes over “the next several quarters” (recall Deutsche Bank said it expects nominal coupon increases beginning in February 2027). Overnight, JPMorgan agreed, writing that while the current auction calendar will leave Treasury well financed through FY27, "we do not think it will be adequate to meet the widening funding gap from FY27 and onward, and we continue to project a series of coupon auction increases beginning in February 2027." Accordingly, like DB, JPM also expected the Treasury to remove “at least” from the statement that “Treasury anticipates maintaining nominal coupon and FRN auction sizes for at least the next several quarters." The bank said that If its expectations are realized, "we think this could push intermediate yields higher." Well, moments ago the Treasury published its latest Quarterly Refunding Announcement, and contrary to prevailing expectations, it refused to make even a gentle hint at rising coupon sizes by keeping the "at least" language from the abovementioned statement, instead keeping it as is, or rather as was: Based on current projected borrowing needs, Treasury anticipates maintaining nominal coupon and FRN auction sizes for at least the next several quarters In other words, the US Treasury signaled again that it’s still comfortable using Yellen's Activist Treasury Issuance playbook to issue Bills, and not increase coupon issuance, to meet escalating government borrowing needs, even as warnings emerge about the strategy’s risks. Ahead of the QRA, dealers were divided heading into...
Arm reports earnings Wednesday as investors focus on its move into data center CPUs, a business shift that could put the chip-design company in competition with some of its own customers.
Arm reports earnings Wednesday as investors focus on its move into data center CPUs, a business shift that could put the chip-design company in competition with some of its own customers.
JHVEPhoto/iStock Editorial via Getty Images Lumentum ( LITE ) revealed during its third-quarter earnings results that it continues to experience demand outpacing supply for its products, which prompted positive feedback from analysts covering the stock. "Focused capex aims to accelerate critical manufacturing capacity across InP fabs and transceivers, supported by customer LTAs," said Needham anal...
JHVEPhoto/iStock Editorial via Getty Images Lumentum ( LITE ) revealed during its third-quarter earnings results that it continues to experience demand outpacing supply for its products, which prompted positive feedback from analysts covering the stock. "Focused capex aims to accelerate critical manufacturing capacity across InP fabs and transceivers, supported by customer LTAs," said Needham analysts Ryan Koontz and Jeffrey Hopson in a Wednesday note. "Meanwhile, multi-billion OCS systems and CPO laser backlog are poised to contribute materially to C2H26 and beyond from near zero today." Needham maintained its Buy rating and $1,040 price target. It also reiterated Lumentum as its "Top Pick," a position the provider in optical and photonic technologies critical in networks and infrastructure behind AI, cloud computing, and next-generation communications has held for 16 consecutive months. Needham increased its estimates on Lumentum following the results. It raised its full-year fiscal 2026 revenue to $2.99B from $2.92B and its 2027 total to $5.5B from $5B. It bumped up its earnings per share estimate for 2026 to $8.38 from $7.97 and for 2027 to $17.68 from $16.47. "Lumentum continues to be able to very effectively leverage their position in EMLs and pump lasers, in particular, to raise price/capitalize on very tight conditions in the market," said Morgan Stanley analysts Meta Marshall and Antonio Jaramillo in an investor note. With demand for product continuing to grow, that sets the stock up to maintain bull case valuation in the near term, as pricing power is unlikely to ease. This is even before we have really seen the ramp of optical circuit switching and co-packaged optics, which don't become more material until later in the year." Morgan Stanley increased its price target to $900 from $710 and retained its Equal-weight rating. "The management highlighted a widening supply-demand imbalance, with supply still lagging demand by over 30%, despite plans to increase...
Russia’s oil tax revenues jumped to a six-month high last month as the Kremlin started reaping the benefits of a crude rally driven by the war in Iran. With oil still trading near $100 a barrel, the windfall is set to continue. Russian producers paid 707.1 billion rubles ($9.5 billion) in federal oil taxes last month, the highest since October, according to Bloomberg calculations based on Finance ...
Russia’s oil tax revenues jumped to a six-month high last month as the Kremlin started reaping the benefits of a crude rally driven by the war in Iran. With oil still trading near $100 a barrel, the windfall is set to continue. Russian producers paid 707.1 billion rubles ($9.5 billion) in federal oil taxes last month, the highest since October, according to Bloomberg calculations based on Finance Ministry data published on Wednesday. Total oil and gas revenues reached almost 856 billion rubles. The Kremlin, which relies on the oil and gas industry for around a fifth of its revenues , is benefiting as shipping through the vital Strait of Hormuz has come to a near-halt, choking off exports from top Persian Gulf producers in an unprecedented supply disruption. To ease the crisis, the US issued temporary waivers allowing a wide range of nations to buy Russian cargoes in transit, boosting demand and prices for the country’s flagship Urals export blend. The Urals price used to calculate April oil taxes averaged $77 a barrel, up from about $59 a year earlier, according to Russia’s governmental data. As the taxes are calculated based on Urals prices for the previous month, the full effect of the rally will continue to boost revenues into May. Extra petrodollars are a welcome addition to Russian coffers drained by massive spendings on the war in Ukraine. Still, President Vladimir Putin has on several occasions warned his government that the spike in oil prices is only a temporary trend and should not be relied on. Benchmark Brent crude futures have retreated more than 10% over the past two days on hopes of a peace deal between the US and Iran, though they remain up by almost 70% this year near $100 a barrel. Russia’s oil-tax proceeds in April would have been even higher if it weren’t for massive state subsidies to the nation’s energy companies, aimed at supporting the domestic oil refining industry. The state paid a total of 359 billion rubles, equivalent to some $4.8 billio...
DKosig Aurora Innovation ( AUR ) announced on Wednesday that it inked an agreement with McLane Company to launch driverless freight operations in Texas using the Aurora Driver following a successful supervised pilot that began in 2023. The deal sets up McLane, one of the largest U.S. distributors serving chain restaurants, convenience stores, and mass merchants, to move restaurant supplies and per...
DKosig Aurora Innovation ( AUR ) announced on Wednesday that it inked an agreement with McLane Company to launch driverless freight operations in Texas using the Aurora Driver following a successful supervised pilot that began in 2023. The deal sets up McLane, one of the largest U.S. distributors serving chain restaurants, convenience stores, and mass merchants, to move restaurant supplies and perishable food more efficiently with autonomous long-haul trucks. During the pilot, Aurora's ( AUR ) self-driving trucks accumulated more than 280K autonomous miles in Texas and delivered 1,400 loads for McLane, achieving 100% on-time performance on demanding schedules. Due to that strong performance, McLane has approved a transition to fully driverless operations on the Dallas–Houston corridor, with plans to add additional routes between McLane distribution centers across the U.S. Sun Belt by the end of the year and potentially expand to more of McLane’s business over time. The operating model keeps McLane’s human drivers focused on the local "last mile," while the Aurora Driver handles the long-haul middle miles. The companies both noted that autonomous, refrigerated trucks running 24/7 can provide scalable, reliable capacity that adapts to shifting demand, supports more consistent transit schedules, and helps mitigate labor constraints in trucking. Aurora ( AUR ) has a broader strategy to commercialize its driver-as-a-service platform for freight, which is designed to operate multiple vehicle types for both trucking and ride-hailing applications. McLane is a 134-year-old Berkshire Hathaway ( BRK.A ) ( BRK.B ) subsidiary with more than 80 distribution centers, 25,000 employees, and a national presence. More on Aurora Innovation Aurora Innovation: Autonomous Trucking Nears Commercial Inflection Aurora Innovation, Inc. (AUR) Presents at 2nd Annual CG virtual Sustainability Summit Transcript Aurora Innovation, Inc. (AUR) Presents at Morgan Stanley Technology, Media & Telecom C...
In this video, I will talk about SoFi 's (NASDAQ: SOFI) latest earnings report and explain why everyone's wrong about the company. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of May. 1, 2026. The video was published on May. 2, 2026. Continue reading
In this video, I will talk about SoFi 's (NASDAQ: SOFI) latest earnings report and explain why everyone's wrong about the company. Watch the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of May. 1, 2026. The video was published on May. 2, 2026. Continue reading
Worksport ( WKSP ) announced on Wednesday that it appointed Jennifer Kartychak as CFO, principal financial officer, and principal accounting officer, effective May 1, 2026. This leadership change will help the company scale and target operational cash flow positivity. Jennifer Kartychak replaces former CFO Michael Johnston (resigned April 30), with the firm confirming no disagreement on financial ...
Worksport ( WKSP ) announced on Wednesday that it appointed Jennifer Kartychak as CFO, principal financial officer, and principal accounting officer, effective May 1, 2026. This leadership change will help the company scale and target operational cash flow positivity. Jennifer Kartychak replaces former CFO Michael Johnston (resigned April 30), with the firm confirming no disagreement on financial reporting or operations. Her incentives are tied to key goals like SEC reporting, monthly closes, internal controls, SG&A cost savings, margin improvement, and cash flow breakeven, directly aligning her role with the company's growth roadmap. Source: Press Release More on Worksport Worksport Ltd. 2025 Q4 - Results - Earnings Call Presentation Worksport Ltd. (WKSP) Q4 2025 Earnings Call Transcript Worksport CEO buys 88.2K shares, eyes $35–42M revenue in 2026 Worksport outlines $35M–$42M 2026 revenue target as gross margins climb to 30% and new product launches accelerate Seeking Alpha’s Quant Rating on Worksport
ablokhin The U.S. Securities and Exchange Commission has proposed allowing U.S.-listed companies to shift from quarterly to semiannual financial reporting, saying the move is aimed at reducing regulatory burden and giving firms more flexibility. "The rigidity of the SEC’s rules has prevented companies and their investors from determining for themselves the interim reporting frequency that best ser...
ablokhin The U.S. Securities and Exchange Commission has proposed allowing U.S.-listed companies to shift from quarterly to semiannual financial reporting, saying the move is aimed at reducing regulatory burden and giving firms more flexibility. "The rigidity of the SEC’s rules has prevented companies and their investors from determining for themselves the interim reporting frequency that best serves their business needs and investors," SEC Chair Paul S. Atkins said . The proposal would mark a significant shift from a decades-old requirement mandating quarterly disclosures. Donnelley Financial ( DFIN ) said the move could help lower the cost and complexity of being a public company while preserving transparency and investor confidence. The firm added that greater flexibility in reporting could support the IPO market and broader capital formation. "The focus is not only on the expense of going public, but increasingly on the ongoing expense and complexity of being public," Donnelley Financial said. DFIN expects many companies to continue providing quarterly updates voluntarily given investor expectations and practices in markets such as Europe, where semiannual reporting is allowed but quarterly disclosures remain common. Under the proposal, companies could choose to replace three quarterly reports on Form 10-Q with a single semiannual filing on Form 10-S, alongside the annual 10-K. Filing deadlines for the new semiannual report would be 40 or 45 days depending on filer status. More on Donnelley Financial Solutions Donnelley Financial Solutions, Inc. (DFIN) Q1 2026 Earnings Call Transcript Donnelley Financial Solutions, Inc. 2026 Q1 - Results - Earnings Call Presentation Donnelley Financial Solutions: Positive Update, But Remaining Cautious (Rating Upgrade) Donnelley financial solutions forecasts Q2 net sales of $215M-$225M amid continued market volatility Donnelley Financial Solutions beats top-line and bottom-line estimates; gives Q2 outlook
In early May 2026, Amazon launched Amazon Supply Chain Services, opening its freight, distribution, fulfillment, and parcel delivery network to external businesses across sectors including healthcare, automotive, manufacturing, and retail, with early customers such as Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. This move extends logistics capabilities first built for Amazon’s ...
In early May 2026, Amazon launched Amazon Supply Chain Services, opening its freight, distribution, fulfillment, and parcel delivery network to external businesses across sectors including healthcare, automotive, manufacturing, and retail, with early customers such as Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. This move extends logistics capabilities first built for Amazon’s own operations into a standalone third-party offering, directly challenging incumbents like UPS...
JHVEPhoto/iStock Editorial via Getty Images Citi raised its recommendation on four insurance brokers to Buy from Neutral, given a systemic return opportunity in the sector. The stocks were Marsh & McLennan Companies ( MRSH ), Brown & Brown ( BRO ), Arthur J. Gallagher ( AJG ), and Willis Towers Watson ( WTW ). "All the insurance brokers we cover are now rated Buy. This is a consequence of three fa...
JHVEPhoto/iStock Editorial via Getty Images Citi raised its recommendation on four insurance brokers to Buy from Neutral, given a systemic return opportunity in the sector. The stocks were Marsh & McLennan Companies ( MRSH ), Brown & Brown ( BRO ), Arthur J. Gallagher ( AJG ), and Willis Towers Watson ( WTW ). "All the insurance brokers we cover are now rated Buy. This is a consequence of three factors: (1) each stock now offers at least 15% potential upside to our 12-month targets; (2) the worst of cyclical growth pressures are likely to abate in the next 2-3 quarters; and (3) the stocks are now trading at multiples in-line with pre-COVID averages," said analyst Matthew Heimermann. "Our highest conviction idea is AON, with RYAN offering the most asymmetric risk-reward from current levels. We recognize that short-term pricing and premium data is likely to be weak," said Heimermann in a research note. Citi estimates a median upside potential of ~25% across all its brokers' 12-month price targets. "This reflects the discounting of both organic growth risks (cyclical and normalized) as well as long-term AI concerns," said the research note. AJG was +0.73% to $207.31 during pre-market trading on Wednesday, BRO +0.70% to $57.91, MRSH +0.99% to $168.93, and WTW +0.74% to $261.40. More on related tickers Arthur J. Gallagher & Co. (AJG) Q1 2026 Earnings Call Transcript Willis Towers Watson Public Limited Company (WTW) Q1 2026 Earnings Call Transcript Willis Towers Watson Public Limited Company 2026 Q1 - Results - Earnings Call Presentation Arthur J. Gallagher forecasts 6% full-year 2026 organic growth as AssuredPartners synergy target rises to $300M by early 2028 Wtw narrows 2026 R&B outlook to mid-single digits while maintaining at least $1b in share repurchases
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.