(RTTNews) - The Chemours Company (CC) on Tuesday reported first-quarter results with revenue edging higher from last year, while losses widened amid higher costs.
(RTTNews) - The Chemours Company (CC) on Tuesday reported first-quarter results with revenue edging higher from last year, while losses widened amid higher costs.
Artificial intelligence darling Anthropic unveiled a set of new AI agents, and they are aimed directly at Wall Street. Designed to handle a broader mix of financial services tasks , Anthropic says they can draft pitch decks for client meetings, review financial statements and escalate cases for compliance review. The new tools—10 in total—are directed squarely at professionals across banking, insu...
Artificial intelligence darling Anthropic unveiled a set of new AI agents, and they are aimed directly at Wall Street. Designed to handle a broader mix of financial services tasks , Anthropic says they can draft pitch decks for client meetings, review financial statements and escalate cases for compliance review. The new tools—10 in total—are directed squarely at professionals across banking, insurance, asset management and financial technology. In February, an automation tool from Anthropic sparked a $285 billion rout in stocks across the software, financial services and asset management sectors as investors raced to dump shares with even the slightest exposure. Tuesday’s reaction wasn’t quite so dramatic , though certainly unpleasant for some. FactSet Research Systems shares fell as much 8.1% after the announcement while Morningstar erased earlier gains to fall more than 3%. Shares of S&P Global and Moody’s both saw sharp selling pressure as well. Thomson Reuters shares fell as much as 5.1% . As part of the new offerings, Anthropic said it is enabling its Claude AI model to work better across third-party software like Excel, PowerPoint and Outlook, and integrate data from partners in the financial services industry, such as Dun & Bradstreet and Moody’s. Also of potential interest to financial industry workers, Anthropic is deepening its ties to Wall Street through a new joint venture with Blackstone, Hellman & Friedman and Goldman Sachs. The venture will work to deploy its software to more businesses. OpenAI has finalized plans for a similar endeavor. What You Need to Know Today In other AI news, Google, Microsoft and xAI have agreed to give the Trump administration early access to their AI models to assess the systems’ capabilities and help improve their security before the technology is released to the public. With the agreements, the companies join OpenAI and, famously , Anthropic in allowing pre-release reviews of their models. The US trade deficit widened in ...
On May 5, 2026, BCGM Wealth Management, LLC disclosed a new position in BlackRock ETF Trust - iShares Defense Industrials Active ETF (NASDAQ:IDEF) , acquiring 127,580 shares in a trade estimated at $4.17 million based on quarterly average pricing. According to a SEC filing dated May 5, 2026, BCGM Wealth Management, LLC opened a new position in BlackRock ETF Trust - iShares Defense Industrials Acti...
On May 5, 2026, BCGM Wealth Management, LLC disclosed a new position in BlackRock ETF Trust - iShares Defense Industrials Active ETF (NASDAQ:IDEF) , acquiring 127,580 shares in a trade estimated at $4.17 million based on quarterly average pricing. According to a SEC filing dated May 5, 2026, BCGM Wealth Management, LLC opened a new position in BlackRock ETF Trust - iShares Defense Industrials Active ETF, buying 127,580 shares. The transaction is estimated at $4.17 million, based on the average share price for the first quarter of 2026. This addition brought the stake's quarter-end value to $4.17 million, reflecting the direct impact of the purchase and price changes through March 31, 2026. BlackRock ETF Trust - iShares Defense Industrials Active ETF offers investors a vehicle for accessing a curated basket of defense and industrial companies. The fund's strategy leverages active management to identify opportunities and manage risk within these sectors. This approach aims to deliver differentiated exposure compared to passive benchmarks, appealing to investors seeking specialized sector allocation and dynamic portfolio oversight. Continue reading
Itau Unibanco press release ( ITUB ): Q1 Revenue of R$46.82B (+4.5% Y/Y). Guidance for the year remains unchanged 2026 Guidance Total credit portfolio Credit portfolio - Brazil Growth between 5.5%and9.5% Growth between 6.5%and 10.5% Financial margin with clients Growth between 5.0%and9.0% Financial margin with the market
Itau Unibanco press release ( ITUB ): Q1 Revenue of R$46.82B (+4.5% Y/Y). Guidance for the year remains unchanged 2026 Guidance Total credit portfolio Credit portfolio - Brazil Growth between 5.5%and9.5% Growth between 6.5%and 10.5% Financial margin with clients Growth between 5.0%and9.0% Financial margin with the market
(RTTNews) - Chevron Corp. (CVX) CEO Mike Wirth has raised alarms about possible global oil shortages after the Strait of Hormuz was closed, a vital shipping lane for crude oil.
(RTTNews) - Chevron Corp. (CVX) CEO Mike Wirth has raised alarms about possible global oil shortages after the Strait of Hormuz was closed, a vital shipping lane for crude oil.
Advanced Micro (AMD) delivered earnings and revenue surprises of +5.59% and +4.09%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Advanced Micro (AMD) delivered earnings and revenue surprises of +5.59% and +4.09%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Astera Labs, Inc. (ALAB) delivered earnings and revenue surprises of +13.66% and +5.42%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
Astera Labs, Inc. (ALAB) delivered earnings and revenue surprises of +13.66% and +5.42%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?
wingedwolf/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Steve Cress returns to discuss recent stock picks (1:00) What about Micron? (4:15) PEG, Lumentum and Credo (7:05) AMD vs. CRDO (12:50) Allstate; when to hold and when to sell (17:45) Nvidia valuation (21:30) Willdan Group problems (23:40) Transcript Rena Sherbill: Steve Cress , Seeking Alpha's Head of Quant....
wingedwolf/iStock via Getty Images Listen here or on the go via Apple Podcasts and Spotify Steve Cress returns to discuss recent stock picks (1:00) What about Micron? (4:15) PEG, Lumentum and Credo (7:05) AMD vs. CRDO (12:50) Allstate; when to hold and when to sell (17:45) Nvidia valuation (21:30) Willdan Group problems (23:40) Transcript Rena Sherbill: Steve Cress , Seeking Alpha's Head of Quant. Always great to have you on Investing Experts. Welcome back to the show. Steve Cress: Thank you so much for having me. I always appreciate you preparing this for us. Rena Sherbill: Always appreciate you coming on. As I mentioned last time you were on, you are going to be on, you have been on monthly. So if anybody has any questions or anything they'd like to highlight, please hit us up in the comments and drop us a question. So that is what we are going to be doing today is I'm going to be asking some questions that commenters have left on our previous episodes and seeing where we get to. Just for context, last time Steve was on, he was giving us three strong buys from AI as it pertains to the quant system. I was going to read something that one of the commenters said about the quant system. And I was wondering if you would agree with how they describe things. So in terms of strategy, there is a difference, this is a quote from JusticePipes, there is a difference between quant-driven portfolio construction and how discretionary analysts and investors interpret ratings. The quant team is not treating hold the way you or I would. They are treating ratings as part of a rules-based system and that's why the 180-day window feels rigid to us. Maybe they found from back testing their model that holding a hold maximizes returns. Maybe this is a way for the model to block out noise affecting short-term price volatility. It avoids being whipsawed. The 180 day rule also lowers turnover, is easier to track and potentially reduces taxes if you hold for the year. I should also point out...
Flying taxis sound like science fiction. But companies like Joby Aviation (NYSE: JOBY) and Archer Aviation are working to make them a reality -- with electric aircraft designed to take off vertically, fly over cities, and land near their destinations. The promise is simple: turn hour-long commutes into minutes. The opportunity sounds even bigger. JP Morgan estimates that urban air mobility could g...
Flying taxis sound like science fiction. But companies like Joby Aviation (NYSE: JOBY) and Archer Aviation are working to make them a reality -- with electric aircraft designed to take off vertically, fly over cities, and land near their destinations. The promise is simple: turn hour-long commutes into minutes. The opportunity sounds even bigger. JP Morgan estimates that urban air mobility could grow into a $1 trillion market over time. But here's the catch: A large opportunity does not mean a near-term investment win. To understand what's at stake, investors need to separate potential from reality, and timing from hype. Continue reading
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters S&P 500 futures were little changed on Tuesday night after both the broad market index and Nasdaq Composite rose to fresh highs during the regular session. S&P 500 futures added 0.1%, while Nasdaq 100 futures climbed 0.4%. Futures tied to the Dow Jones Industrial Average ...
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters S&P 500 futures were little changed on Tuesday night after both the broad market index and Nasdaq Composite rose to fresh highs during the regular session. S&P 500 futures added 0.1%, while Nasdaq 100 futures climbed 0.4%. Futures tied to the Dow Jones Industrial Average fell by 43 points, or 0.1%. Big movers in extended trading session included chipmaker Advanced Micro Devices and server maker Super Micro Computer , which popped 6% and 16%, respectively, following earnings beats. Both companies also posted guidance that was above analysts' expectations. The broad market S&P 500 added 0.81% on Tuesday, while the tech-heavy Nasdaq popped 1.03%. Both indexes reached new intraday and closing records. The Dow gained 356.35 points, or 0.73%. The moves came after traders digested a number of solid earnings results. Around 85% of the S&P 500 companies that have already reported earnings so far have delivered a beat, while 77% have delivered a revenue surprise to the upside. Also buoying investors' hopes on Tuesday were comments from Defense Secretary Pete Hegseth that the ceasefire between the U.S. and Iran "certainly holds" and that "two U.S. commercial ships, along with American destroyers, have already safely transited the strait, showing the lane is clear." Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, said on CNBC's " Closing Bell: Overtime " on Tuesday afternoon that stocks appear to be "climbing a wall of worry." "I think maybe perhaps people in the geopolitical world don't understand what's happening with the AI trade and earnings and how much of a buffer that is for S&P 500 EPS. So we're continuing to see rates of upward revisions that are positive on that AI-related trade," Calvasina said. "I'm not saying there's a ton of room before we have a little bit of a breather, and we don't think markets move up in a linear...
Oil held a decline as the US said offensive operations against Iran are over as it shifts to protecting shipping in the Strait of Hormuz, which remains largely closed. West Texas Intermediate rose toward $103 a barrel, after sliding 3.9% on Tuesday, while Brent closed near $110. “Operation Epic Fury is concluded,” Secretary of State Marco Rubio told reporters at the White House, 66 days after the ...
Oil held a decline as the US said offensive operations against Iran are over as it shifts to protecting shipping in the Strait of Hormuz, which remains largely closed. West Texas Intermediate rose toward $103 a barrel, after sliding 3.9% on Tuesday, while Brent closed near $110. “Operation Epic Fury is concluded,” Secretary of State Marco Rubio told reporters at the White House, 66 days after the US and Israel began bombing Iran. “We achieved the objectives of that operation.” Brent crude has climbed by more than 50% since the conflict started at the end of February, cutting off hundreds of millions of barrels of Persian Gulf oil from global markets. Flows through the key maritime chokepoint are now constrained by a double blockade, with Tehran obstructing shipping while the US is stopping vessels from accessing Iranian ports. On Tuesday, Washington played down the prospect of a return to active war with Defense Secretary Pete Hegseth confirming the truce that began just under a month ago is still in place. Meanwhile, General Dan Caine, the chairman of the Joint Chiefs of Staff, said attacks by Tehran on vessels in the Persian Gulf and the UAE didn’t constitute a breach of a ceasefire. The shutdown around Hormuz has left more than 1,550 commercial vessels, carrying some 22,000 sailors, trapped in the Persian Gulf, Caine said. In the US, industry data showed crude inventories fell 8.1 million barrels last week, which would be the biggest draw since mid-February if confirmed by official data due later Wednesday. “We’re holding the pattern from rally to profit-taking each day,” said Carl Larry, oil and gas analyst at Enverus. “Markets may take it in stride but irrational exuberance usually gets the best of the market. Draws bring all the bulls to the yard.” To get Bloomberg’s Energy Daily newsletter in your inbox, click here . WTI for June delivery rose 0.3% to $ 102.58 a barrel at 6:02 a.m. in Singapore. Brent for July settlement closed 4% lower at $109.87 a barrel on...
Earnings Call Insights: Peabody Energy (BTU) Q1 2026 Management view CEO Jim Grech framed Q1 as “marked by a number of accomplishments amid a positive time for both thermal and metallurgical coal markets,” citing “better-than-expected volumes, pricing and costs in our Seaborne Thermal segment,” and
Earnings Call Insights: Peabody Energy (BTU) Q1 2026 Management view CEO Jim Grech framed Q1 as “marked by a number of accomplishments amid a positive time for both thermal and metallurgical coal markets,” citing “better-than-expected volumes, pricing and costs in our Seaborne Thermal segment,” and