Gold can serve as a “potential bridge” between conventional and new forms of finance, Hong Kong’s treasury minister has said, highlighting the need for the city to provide more opportunities for the digital asset market to grow. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu also said on Wednesday that Hong Kong had opted against forming a separate regulatory authority ...
Gold can serve as a “potential bridge” between conventional and new forms of finance, Hong Kong’s treasury minister has said, highlighting the need for the city to provide more opportunities for the digital asset market to grow. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu also said on Wednesday that Hong Kong had opted against forming a separate regulatory authority for digital assets due to the “convergence” between conventional and innovative finance. During a panel session on cryptocurrencies and digital assets at the Global Prosperity Summit, Hui said he had seen not only gold exchange-traded funds (ETFs) in conventional markets, but also tokenised versions available on the blockchain. Advertisement “For this market to grow sustainably, and as a market builder, we need to harness the good and one way of doing this is to give this market more opportunities that are otherwise not available,” Hui said. “I think gold could be a potential bridge between conventional and new finance, in the sense of applying blockchain to a rather old asset class.” Advertisement HSBC and its subsidiary Hang Seng Investment launched a tokenised, unlisted class of the Hang Seng Gold ETF on the HashKey Exchange virtual asset trading platform in April, in what the bank said was the city’s first such product.
deepblue4you The automotive industry is bracing for motor oil shortages and price hikes as a result of supply disruptions caused by the Iran war and the Strait of Hormuz closure, CNN reported. The Independent Lubricant Manufacturers Association (ILMA) has warned of an "imminent shortage" of low viscosity engine oils, including 0W-20, 0W-16 and 0W-8. 0W-20 is the most popular choice for modern cars...
deepblue4you The automotive industry is bracing for motor oil shortages and price hikes as a result of supply disruptions caused by the Iran war and the Strait of Hormuz closure, CNN reported. The Independent Lubricant Manufacturers Association (ILMA) has warned of an "imminent shortage" of low viscosity engine oils, including 0W-20, 0W-16 and 0W-8. 0W-20 is the most popular choice for modern cars, accounting for about one-third of total passenger car motor oil demand last year, according to Petroleum Trends International. The ILMA noted that around 44% of the most important base oil used in motor oil — called Group III — comes from three Persian Gulf producers. These supplies have been derailed by the Strait of Hormuz closure. And Pearl GTL in Qatar, one of the leading suppliers of Group III base oils, was seriously damaged by Iranian attacks and is knocked offline indefinitely. "The U.S. is expected to run out of Mideast Gulf-origin Group III by June," ILMA said in a bulletin last week. Motor oil can be made with Group II base oils, but these are being diverted to diesel to meet demand. "The Group II safety valve is effectively closed," ILMA added. "It's a big mess — and it's not going to be resolved quickly. It could take a year or so before we see any real relief," Holly Alfano, ILMA's CEO, told CNN . A White House spokesperson said the government is working closely with the industry to address concerns and "explore potential actions." A Department of Energy spokesperson said the agency is "ready to take additional action, if needed, to help avoid supply disruptions." More on oil market Commodities: Oil Rallies With U.S.-Iran Deadlock $200 Oil Shock Looms Amidst Bubble Warning--How To Position Your Portfolio CFTC said to probe spike in oil bets before Trump delayed Iran strikes Two Chinese tankers exit Strait of Hormuz, South Korean vessel en route
More on Lowe's Lowe's: Approaching Fair Value Amid Housing Weakness (Upgrade) Lowe's: Focus On Pro Opportunities - Richer Margins Deserve Upward Re-Rating Lowe's Or Home Depot? Former Still The Better Choice Two Quarters On Lowe's beats top-line and bottom-line estimates; reaffirms FY26 outlook Lowe's Q1 2027 earnings preview: analyst sentiment mixed
More on Lowe's Lowe's: Approaching Fair Value Amid Housing Weakness (Upgrade) Lowe's: Focus On Pro Opportunities - Richer Margins Deserve Upward Re-Rating Lowe's Or Home Depot? Former Still The Better Choice Two Quarters On Lowe's beats top-line and bottom-line estimates; reaffirms FY26 outlook Lowe's Q1 2027 earnings preview: analyst sentiment mixed
Lahiru Lakmal/iStock via Getty Images Is there an instrument that can distribute NVDA's returns? With the quarterly, and the uncertainty of the moment, I think many may feel the need to start putting "in their pocket" this stock's returns. And the problem we've always encountered in alternative solutions , like buy-writes, is that by applying a covered call strategy, you lose NVDA's true advantage...
Lahiru Lakmal/iStock via Getty Images Is there an instrument that can distribute NVDA's returns? With the quarterly, and the uncertainty of the moment, I think many may feel the need to start putting "in their pocket" this stock's returns. And the problem we've always encountered in alternative solutions , like buy-writes, is that by applying a covered call strategy, you lose NVDA's true advantage: capital growth. And here comes REX NVDA Growth & Income ETF (NVII), a leveraged solution that I like to define as hybrid, because at this moment, it leaves room for monetizing capital gains, but doesn't exclude the possibility of working with options, and tactical covered call strategies either. And in a delicate moment like this, this freedom in my opinion is strategic for an income oriented portfolio, and now I'll explain why. What is NVII NVII is issued by REX ETF Trust on May 28, 2025 (today less than 1 year of operations) with primary investment objective of paying weekly distributions and ONLY secondary investment objective that of daily investment results between 105% and 150% of the daily percentage change of NVDA. Clearly it means it exploits leveraged long exposure (105-150% notional) through options/swaps/direct stock purchase + Leveraged ETF (if available), applies a Covered Call strategy on ~50% of the leveraged position with collateral of U.S. Treasuries and money market funds with the objective of a competitive distribution (not capital appreciation), and this is an element that must be clear to everyone from the start. NVII: 1Y performance (Seeking Alpha) The fund has an expense ratio of 0.99% for the weekly distribution "service", which as of 05/18/2026 provided a 47.70% distribution (annualized) with an amount based on formula incorporating recent total return of underlying security and implied volatility which presumably means that the distribution is a function of NVDA return and IV. If high IV + strong NVDA movement = high distribution; flat market + ...
Lahiru Lakmal/iStock via Getty Images Is there an instrument that can distribute NVDA's returns? With the quarterly, and the uncertainty of the moment, I think many may feel the need to start putting "in their pocket" this stock's returns. And the problem we've always encountered in alternative solutions , like buy-writes, is that by applying a covered call strategy, you lose NVDA's true advantage...
Lahiru Lakmal/iStock via Getty Images Is there an instrument that can distribute NVDA's returns? With the quarterly, and the uncertainty of the moment, I think many may feel the need to start putting "in their pocket" this stock's returns. And the problem we've always encountered in alternative solutions , like buy-writes, is that by applying a covered call strategy, you lose NVDA's true advantage: capital growth. And here comes REX NVDA Growth & Income ETF (NVII), a leveraged solution that I like to define as hybrid, because at this moment, it leaves room for monetizing capital gains, but doesn't exclude the possibility of working with options, and tactical covered call strategies either. And in a delicate moment like this, this freedom in my opinion is strategic for an income oriented portfolio, and now I'll explain why. What is NVII NVII is issued by REX ETF Trust on May 28, 2025 (today less than 1 year of operations) with primary investment objective of paying weekly distributions and ONLY secondary investment objective that of daily investment results between 105% and 150% of the daily percentage change of NVDA. Clearly it means it exploits leveraged long exposure (105-150% notional) through options/swaps/direct stock purchase + Leveraged ETF (if available), applies a Covered Call strategy on ~50% of the leveraged position with collateral of U.S. Treasuries and money market funds with the objective of a competitive distribution (not capital appreciation), and this is an element that must be clear to everyone from the start. NVII: 1Y performance (Seeking Alpha) The fund has an expense ratio of 0.99% for the weekly distribution "service", which as of 05/18/2026 provided a 47.70% distribution (annualized) with an amount based on formula incorporating recent total return of underlying security and implied volatility which presumably means that the distribution is a function of NVDA return and IV. If high IV + strong NVDA movement = high distribution; flat market + ...
peshkov/iStock via Getty Images Stock index futures edged higher Wednesday as traders awaited Nvidia’s ( NVDA ) quarterly results. Now, here are 5 news stories that broke overnight to watch out for: Chinese tankers exit Hormuz as Iran deal talk heats up: Two Chinese tankers carrying around 4M barrels of crude exited the Strait of Hormuz on Wednesday, Reuters reported citing shipping data, as Presi...
peshkov/iStock via Getty Images Stock index futures edged higher Wednesday as traders awaited Nvidia’s ( NVDA ) quarterly results. Now, here are 5 news stories that broke overnight to watch out for: Chinese tankers exit Hormuz as Iran deal talk heats up: Two Chinese tankers carrying around 4M barrels of crude exited the Strait of Hormuz on Wednesday, Reuters reported citing shipping data, as President Trump and Vice President JD Vance signaled that the Iran war may end soon. The ships are among a handful of supertankers carrying Iraqi crude exiting the waterway this month. Samsung strike looms after union talks collapse : Negotiations between Samsung Electronics ( SSNLF ) and its largest labor union have collapsed, increasing the likelihood of a strike that could disrupt operations at the world’s biggest memory chipmaker. A general work stoppage will go ahead on Thursday after company management rejected a mediation proposal that had been accepted by the union, labor leader Choi Seung-ho told reporters in the southern city of Sejong, according to Bloomberg. SpaceX eyes Cursor acquisition post-IPO: SpaceX ( SPACE ) expects to proceed with its acquisition of artificial intelligence coding startup Cursor 30 days after Elon Musk’s company begins trading publicly, Bloomberg News reported. Musk’s rocket, satellite, and AI giant is expected to file for an initial public offering as soon as Wednesday and list its shares on June 12, putting SpaceX on track to acquire Cursor in July. AMC jumps on CEO stock purchase: AMC Entertainment ( AMC ) stock jumped over 8% overnight on Tuesday after chairman and CEO Adam Aron disclosed a notable stock purchase, buying 250,000 shares of the theater chain operator. Aron acquired the shares on May 19 at a weighted average price of $1.3774 in a transaction worth around $344,350, lifting his directly held position to more than 2.43M shares. Low correlations flash warning sign: Recent data from Goldman Sachs showing S&P 500 ( SPY ) implied co...
In this article LOW Follow your favorite stocks CREATE FREE ACCOUNT People wait in line outside Lowes in the aftermath of Hurricane Milton on October 10, 2024 in Englewood, Florida. Sean Rayford | Getty Images Lowe's on Wednesday reported quarterly results that beat expectations on the top and bottom lines and reaffirmed its full-year outlook. Shares of the company sank slightly in premarket tradi...
In this article LOW Follow your favorite stocks CREATE FREE ACCOUNT People wait in line outside Lowes in the aftermath of Hurricane Milton on October 10, 2024 in Englewood, Florida. Sean Rayford | Getty Images Lowe's on Wednesday reported quarterly results that beat expectations on the top and bottom lines and reaffirmed its full-year outlook. Shares of the company sank slightly in premarket trading. Here's how the company performed in its first fiscal quarter compared with Wall Street estimates, according to a survey of analysts by LSEG: Earnings per share: $3.03 adjusted vs. $2.97 expected Revenue: $23.08 billion vs. $22.97 billion expected For the three-month period ended May 1, Lowe's reported net income of $1.63 billion, or $2.90 per share, down just slightly from $1.64 billion, or $2.92 per share, in the year-ago period. Excluding one-time factors like acquisition costs, the company reported adjusted earnings per share of $3.03. Revenue jumped about 10% compared to the previous year. Comparable sales increased 0.6% for the quarter, driven by what Lowe's said was its spring execution and a 15.5% growth in online sales. Strength in appliances, home services and sales to home professionals like contractors also contributed to its performance. "In spite of a challenging housing macro, we remain focused on advancing our Total Home strategy to provide the best experience for our customer," CEO Marvin Ellison said in a statement. The company also reaffirmed its full-year guidance, expecting total sales between $92 billion and $94 billion, an increase of between 7% and 9% compared to the prior year. It expects comparable sales to be flat to up 2% compared to last year. Lowe's said it expects adjusted earnings per share of between $12.25 and $12.75 for the full year. The earnings come against a backdrop of housing market struggles and consumer caution as gas prices soar. In February, Lowe's cut roughly 600 corporate and support roles as the company said it wanted to fo...
Key Points Retail investors and hedge fund managers alike have piled into AI stocks in recent years. Michael Platt, co-founder of BlueCrest Capital Management, invests heavily in financial stocks but also has favored tech stocks in recent quarters. 10 stocks we like better than Taiwan Semiconductor Manufacturing › The Magnificent Seven technology stocks have driven the S&P 500 to a spectacular 76%...
Key Points Retail investors and hedge fund managers alike have piled into AI stocks in recent years. Michael Platt, co-founder of BlueCrest Capital Management, invests heavily in financial stocks but also has favored tech stocks in recent quarters. 10 stocks we like better than Taiwan Semiconductor Manufacturing › The Magnificent Seven technology stocks have driven the S&P 500 to a spectacular 76% gain over the past three years. Investors, from the smallest retail investor to billionaire hedge fund managers, have rushed to get in on these companies as many play a key role in a very hot technology: artificial intelligence (AI). Since AI has what it takes to supercharge corporate operations and therefore earnings growth, the savviest of investors have looked for potential winners in this new gold rush. And one of these investors has been billionaire Michael Platt, co-founder and chief executive officer of BlueCrest Capital Management, a European hedge fund overseeing more than $1.6 billion in 13F securities. Managers of more than $100 million in U.S. securities must report trades quarterly on Form 13F to the Securities and Exchange Commission, offering us a glimpse of their latest moves. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Platt heavily invests in financial stocks, but he's also been a supporter of tech stocks in recent times and even held several Magnificent Seven players. However, in the first quarter of this year, the billionaire closed positions in four of these AI titans, and at the same time added to his holding of a company that may be a surefire winner in the AI infrastructure spending boom. Is Platt souring on the Magnificent Seven? Let's take a closer look. Trillion-dollar companies First, let's identify the Magnificent Seven. They are: Alphabet, Amazon, Apple, Meta Platforms, ...
Analog Devices' NASDAQ: ADI share price peaked in mid-May and is set up to pull back by mid-year. A pullback is much-needed for this market, as the stock price has recently advanced about 35% in a nearly vertical movement. Analog Devices Today ADI Analog Devices $386.34 -27.97 (-6.75%) 52-Week Range $206.00 ▼ $435.72 Dividend Yield 1.14% P/E Ratio 71.00 Price Target $381.27 Add to Watchlist The qu...
Analog Devices' NASDAQ: ADI share price peaked in mid-May and is set up to pull back by mid-year. A pullback is much-needed for this market, as the stock price has recently advanced about 35% in a nearly vertical movement. Analog Devices Today ADI Analog Devices $386.34 -27.97 (-6.75%) 52-Week Range $206.00 ▼ $435.72 Dividend Yield 1.14% P/E Ratio 71.00 Price Target $381.27 Add to Watchlist The question is how deep the pullback may get, and the likely answer is not very deep. Analog Devices' fiscal Q2 results weren’t a catalyst for bulls, but they align 100% with market trends, suggesting the uptrend in stock prices isn’t over. Get Analog Devices alerts: Sign Up Market trends include an accelerating supercycle driven by AI and data centers, with growth visible across all end markets. With AI at the center of this event, investors can look forward to a multiyear, potentially decades-long cycle in which positive feedback loops form. Signs are already present, pointing to loops in which new AI infrastructure drives new use cases, new Internet of Things (IoT) applications, and increased systemic demand. The IoT is critical to this equation, as it enables AI at the edge and is a market segment in which Analog Devices excels. Analog Devices Accelerates Growth, Raises Guidance Analog Devices had a robust quarter, with growth topping 37% as demand accelerated. Revenue growth accelerated sequentially and year over year (YOY), underpinned by strength across all end markets. Industrial and Communications led with gains of 56% and 79%, trailed bya 23% increase in Consumer and 2% gain in Automotive. Looking ahead, all segments are expected to remain positive, and Automotive is expected to improve. Margin was another factor supporting the outlook for rising stock prices. The company’s revenue leverage and operational improvements resulted in wider margins at all levels, including the GAAP and adjusted comparisons. Adjusted gross margin improved by 360 basis points (bps) and opera...
Euronext has posted first-quarter earnings that beat analysts' expectations, with profit driven higher by elevated market volatility and the newly acquired Athens stock exchange contributing to revenue. Speaking exclusively to The Opening Trade, CEO Stéphane Boujnah said Europe is benefiting from a search for diversification coming from Asia and Middle East investors, who see the continent is less...
Euronext has posted first-quarter earnings that beat analysts' expectations, with profit driven higher by elevated market volatility and the newly acquired Athens stock exchange contributing to revenue. Speaking exclusively to The Opening Trade, CEO Stéphane Boujnah said Europe is benefiting from a search for diversification coming from Asia and Middle East investors, who see the continent is less directly exposed to the Iran conflict. (Source: Bloomberg)
Others, however, continue to view the chip giant as the central force driving the AI investment boom and a key barometer for broader tech spending trends. NVIDIA is scheduled to report quarterly results today, May 20, 2026. Wall Street expects revenue of $78.67 billion and earnings of $1.76 per share. Seaport Research Warns Supply Constraints Could Limit Upside Seaport Research Partners analyst Ja...
Others, however, continue to view the chip giant as the central force driving the AI investment boom and a key barometer for broader tech spending trends. NVIDIA is scheduled to report quarterly results today, May 20, 2026. Wall Street expects revenue of $78.67 billion and earnings of $1.76 per share. Seaport Research Warns Supply Constraints Could Limit Upside Seaport Research Partners analyst Jay Goldberg maintained a cautious stance on NVIDIA in comments to CNBC on Tuesday, arguing the stock could underperform the broader semiconductor sector despite continued strength in AI demand. Goldberg said NVIDIA remains heavily supply-constrained and effectively sold out, limiting its ability to deliver earnings surprises beyond already elevated expectations. Goldberg expects NVIDIA to beat estimates and modestly raise guidance, but he does not believe the results will materially change the company’s long-term valuation narrative. Goldman Sachs Says NVIDIA Remains Central To AI Infrastructure Spending Goldman Sachs chief U.S. equity strategist Ben Snider told CNBC on Wednesday that NVIDIA remains one of the market’s most important indicators of AI infrastructure spending trends. Snider said NVIDIA has contributed about 20% of the S&P 500’s gains and of this year’s projected earnings growth. He argued that the current AI-driven rally differs from past speculative market periods because strong earnings growth — rather than pure momentum — continues to support valuations. According to Snider, investors across asset classes still treat NVIDIA as a barometer for the durability of AI-related capital spending and accelerated computing demand. While remaining positive on the AI trade, Snider added that Goldman Sachs is encouraging investors to diversify into sectors such as utilities and energy to reduce concentration risk tied to AI momentum. Gabelli Funds Focuses On NVIDIA’s Long-Term AI Positioning John Belton of Gabelli Funds told CNBC on Tuesday that NVIDIA’s earnings will l...
Malaysia ’s unity government will remain intact until the end of its term amid speculation of snap elections, according to Communications Minister Fahmi Fadzil “Barisan Nasional, Gabungan Rakyat Sabah and Gabungan Parti Sarawak have given their commitment that they will support this government till the end of its term,” Fahmi said on Wednesday after a cabinet meeting. “This commitment reflects the...
Malaysia ’s unity government will remain intact until the end of its term amid speculation of snap elections, according to Communications Minister Fahmi Fadzil “Barisan Nasional, Gabungan Rakyat Sabah and Gabungan Parti Sarawak have given their commitment that they will support this government till the end of its term,” Fahmi said on Wednesday after a cabinet meeting. “This commitment reflects the priority given to the interests of the people and the country, while enabling the government to focus fully on efforts to address economic challenges arising from the crisis in the Middle East . It also ensures that the welfare of the people continues to be safeguarded.” Advertisement The remarks are aimed at easing concerns over the stability of Prime Minister Anwar Ibrahim ’s administration after he earlier raised the prospect of a snap general election as tensions grew within the ruling alliance ahead of a state vote in Johor. Rafizi Ramli (right) and Nik Nazmi announce their takeover of Bersama on Sunday. Photo: Facebook/Rafizi Ramli The speculation was further fuelled by the resignations of former ministers Rafizi Ramli and Nik Nazmi Nik Ahmad, both from Anwar’s People’s Justice Party Advertisement