American Electric Power Co. is reviewing its memberships in two of the biggest US power networks after the utility’s top boss accused the grid operators of being too slow to connect data-center customers. “We have to solve the speed to market issue,” Chief Executive Officer Bill Fehrman said in a Tuesday earnings call. “This is an area that clearly has to get fixed.” AEP is in the early stages of ...
American Electric Power Co. is reviewing its memberships in two of the biggest US power networks after the utility’s top boss accused the grid operators of being too slow to connect data-center customers. “We have to solve the speed to market issue,” Chief Executive Officer Bill Fehrman said in a Tuesday earnings call. “This is an area that clearly has to get fixed.” AEP is in the early stages of evaluating membership in PJM Interconnection LLC , the largest regional grid in the US, as well as Southwest Power Pool Inc. , Fehrman said. The move comes as the Ohio-based utility giant seeks to meet booming demand from power-hungry data centers. PJM and SPP operate regional power grids. PJM serves more than 67 million people in 13 eastern states, extending from Illinois to North Carolina, while SPP serves about 20 million people in central US, from North Dakota to part of Texas. Frustrations over PJM have been growing because wholesale electricity costs are climbing while reforms are moving too slowly to both bring on new supplies and serve increasing demand by artificial intelligence. Problems that have been festering for years for connecting and procuring supplies have now become urgent because data centers are expected to expand electricity consumption at a record clip following two decades with little growth. “AEP is expressing frustration with the time to connect new generation in PJM,” said Paul Patterson , a utility analyst for Glenrock Associates. “It sounds like their patience has been tried by the perception that PJM and others are not moving as fast enough as utilities would like.” Fehrman didn’t disclose a timeline for the review, but said the current state of PJM’s performance and stakeholder approval process doesn’t give him great confidence that the issues will be resolved any time soon. “In fact, if something is not done now, I expect we could still be having these same conversations in 10 years,” he said on the call. AEP’s comments come eight months afte...
Ocugen ( OCGN ) shares fell over 19% on Tuesday after the biotech’s net losses widened in Q1. Net loss for the quarter was $19.17M, compared to a $15.35M loss in the same period last year. The increased loss was driven by higher operating expenses, which rose to $19.4M from $16M in the prior year quarter. R&D expenses totaled $11.3M, up from $9.5M last year. The company’s cash, cash equivalents, a...
Ocugen ( OCGN ) shares fell over 19% on Tuesday after the biotech’s net losses widened in Q1. Net loss for the quarter was $19.17M, compared to a $15.35M loss in the same period last year. The increased loss was driven by higher operating expenses, which rose to $19.4M from $16M in the prior year quarter. R&D expenses totaled $11.3M, up from $9.5M last year. The company’s cash, cash equivalents, and restricted cash totaled $32.2M as of March 31, 2026, compared to $18.9M as of December 31, 2025. Separately, Ocugen priced $115M of 6.75% Convertible Senior Notes due 2034 at 90% of the principal amount of notes. The buyers have an option to purchase an additional $15M of notes, potentially increasing the offering size to nearly $130M. The company expects net proceeds of about $99.5M, or nearly $112.6M if the full option is exercised. The firm plans to use around $32.7M of the net proceeds to fully repay its existing loan tied to affiliates of Avenue Capital Group. Remaining proceeds will be used for general corporate purposes. More on Ocugen Ocugen, Inc. (OCGN) Discusses Top Line Results From Phase II ArMaDa Trial of OCU410 in Geographic Atrophy Transcript Ocugen: Downgrading After OCU410 Data Release Ocugen, Inc. (OCGN) Q4 2025 Earnings Call Transcript Ocugen GAAP EPS of -$0.06 misses by $0.01, revenue of $1.53M beats by $1.17M Ocugen prices $115M convertible notes at 45% premium; shares crash 20%
Earnings Call Insights: PayPal (PYPL) Q1 2026 Management View "I'm stepping into this role at an important moment for PayPal... I'm confident we will accelerate the growth of the company while improving profitability and cash flow... we need to make significant changes to improve the strategic and operational issues the company has faced." (CEO & Director Enrique Lores) "Strengthening the value we...
Earnings Call Insights: PayPal (PYPL) Q1 2026 Management View "I'm stepping into this role at an important moment for PayPal... I'm confident we will accelerate the growth of the company while improving profitability and cash flow... we need to make significant changes to improve the strategic and operational issues the company has faced." (CEO & Director Enrique Lores) "Strengthening the value we offer to the hundreds of millions of consumers who choose PayPal and Venmo is a key priority." (CEO Lores) "Previously, our teams were organized primarily around the customers we serve... That structure resulted in organizational complexity... The changes we announced last week will organize the company into 3 lines of business, each with a single leader, Checkout Solutions & PayPal, Consumer Financial Services & Venmo, and Payment Services & Crypto." (CEO Lores) "We expect to see at least $1.5 billion of gross run rate savings over the next 2 to 3 years." (CEO Lores) "Total payment volume accelerated to 11% at spot and 8% currency neutral in the first quarter, reaching over $460 billion... First quarter non-GAAP earnings per share increased 1% to $1.34." (Chief Financial & Operating Officer Jamie Miller) Outlook "We remain confident in our full year 2026 guidance." (Chief Financial & Operating Officer Miller) "For the second quarter, we expect low single-digit revenue growth on a currency-neutral basis... non-GAAP earnings per share to decline by high single digits or approximately 9%." (Chief Financial & Operating Officer Miller) "For the full year, we are reiterating our guidance, and we continue to expect transaction margin dollars to decline slightly or be roughly flat, excluding interest on customer balances... and non-GAAP earnings per share ranging from down low single digits to slightly positive." (Chief Financial & Operating Officer Miller) Analysts estimates were provided, but the format did not match the required fiscal quarter validation rules; no estimates co...
(RTTNews) - PayPal Holdings, Inc. (PYPL) shares declined 8.60 percent to $46.06 on Tuesday, down $4.33, after the company reported a drop in first-quarter earnings despite higher revenue.
(RTTNews) - PayPal Holdings, Inc. (PYPL) shares declined 8.60 percent to $46.06 on Tuesday, down $4.33, after the company reported a drop in first-quarter earnings despite higher revenue.
The world's largest exchange-traded fund, SPDR S&P 500 Trust ( SPY ), saw inflows of $4.51B for the week ending May 1, while its price increased by 0.77%. On the other hand, the SPDR Gold Shares ETF ( GLD ) posted outflows totaling $1.61B this week, while GLD prices fell 1.56% during the week. Similarly, iShares Silver Trust ETF ( SLV ) saw outflows of $264.87M, easing compared to the previous wee...
The world's largest exchange-traded fund, SPDR S&P 500 Trust ( SPY ), saw inflows of $4.51B for the week ending May 1, while its price increased by 0.77%. On the other hand, the SPDR Gold Shares ETF ( GLD ) posted outflows totaling $1.61B this week, while GLD prices fell 1.56% during the week. Similarly, iShares Silver Trust ETF ( SLV ) saw outflows of $264.87M, easing compared to the previous week’s heavier withdrawals. iShares Bitcoin Trust ETF ( IBIT ) saw outflows of $125.04M last week, while Bitcoin ( BTC-USD ) price added 3.04% during the same period. Last week’s inflows/outflows The 11 S&P 500 sector tracking ETFs collectively recorded outflows of about $1.93B last week, according to data from etfdb.com. The largest outflows were seen in the Health Care Select Sector SPDR Fund ( XLV ) , totaling $527.75M, followed by the Technology Select Sector SPDR Fund ( XLK ) with $511.35M in outflows, and the Utilities Select Sector SPDR Fund ( XLU ) , which recorded $333.31M in outflows. The majority of the sectors recorded outflows during the week. On the other hand, the top sector inflows were led by the Financial Select Sector SPDR Fund ( XLF ) , which recorded $363.89M, followed by the Energy Select Sector SPDR Fund ( XLE ) with $38.76M and the Materials Select Sector SPDR Fund ( XLB ) at $36.32M. Breakdown of S&P 500 sector fund flows: Name of fund Ticker Flows Financial Select Sector SPDR Fund ( XLF ) $363.89M Energy Select Sector SPDR Fund ( XLE ) $38.76M Materials Select Sector SPDR Fund ( XLB ) $36.32M Communication Services Select Sector SPDR Fund ( XLC ) ($76.38M) Real Estate Select Sector SPDR Fund ( XLRE ) ($176.47M) Consumer Staples Select Sector SPDR Fund ( XLP ) ($233.11M) Consumer Discretionary Select Sector SPDR Fund ( XLY ) ($239.03M) Industrial Select Sector SPDR Fund ( XLI ) ($270.60M) Utilities Select Sector SPDR Fund ( XLU ) ($333.31M) Technology Select Sector SPDR Fund ( XLK ) ($511.35M) Health Care Select Sector SPDR Fund ( XLV ) ($527.75M) Clic...
Ben Snider, chief US equities strategist at Goldman Sachs Group Inc., says only a small number of stocks are driving the market to new highs. “If you look at the S&P 500, we’re at an all-time high, but the median stock in the index is still about 13% below its respective high,” Snider said Tuesday in an interview with Bloomberg Television. (Source: Bloomberg)
Ben Snider, chief US equities strategist at Goldman Sachs Group Inc., says only a small number of stocks are driving the market to new highs. “If you look at the S&P 500, we’re at an all-time high, but the median stock in the index is still about 13% below its respective high,” Snider said Tuesday in an interview with Bloomberg Television. (Source: Bloomberg)
matejmo/iStock via Getty Images Investment Thesis Gold prices declined significantly from the all-time high of over $5,550/ounce reached at the end of January. GLD ( GLD ) shares declined accordingly and have struggled to regain upward traction since. GLD share price (orange) versus price of oil (green) (Seeking Alpha) The main reason why the share price of GLD failed to find its footing is that a...
matejmo/iStock via Getty Images Investment Thesis Gold prices declined significantly from the all-time high of over $5,550/ounce reached at the end of January. GLD ( GLD ) shares declined accordingly and have struggled to regain upward traction since. GLD share price (orange) versus price of oil (green) (Seeking Alpha) The main reason why the share price of GLD failed to find its footing is that an inverse correlation between the price of gold and the price of oil has developed since the start of the Iran war, mostly related to rising expectations of higher interest rates, which tend to be bearish for gold. My take on gold prices going forward is that, regardless of whether this correlation remains for a while longer or breaks, gold prices are going up. If the Iran crisis ends very soon and energy flows resume promptly and oil prices decline, gold prices will resume their upward momentum while preserving the current inverse price correlation between the two commodities for a while longer. The more dramatic outcome would be for the crisis to continue for a prolonged period, in which case I see a repeat scenario of the gold price rally we saw between 2023 and the start of 2026, in the aftermath of the COVID crisis and its impact on inflation, fiscal health, and other economic metrics. If this is the case, we could potentially see gold prices hit $12,000/ounce and GLD shares surpassing $1,200, which is why I see the GLD ETF as a buy. Maintaining a Buy Rating I last covered the GLD ETF in mid-March, where I focused on describing the inverse correlation between the price of gold and oil. A month and a half later, we can confirm that the inverse correlation is still in place. I had GLD as a buy then at around $400/share. One of the key assumptions I made was that if the Strait of Hormuz remains blocked for over 12 weeks, the current correlation will dissipate, as we will enter a more severe demand destruction scenario past that threshold. I have now changed my mind, and I...
Wolterk Amplify Investment disclosed that it held a passive stake in Bed Bath & Beyond ( BBBY ) of 8.7%. The filing was on behalf of Amplify Investments LLC, Amplify ETF Trust, and Amplify Blockchain Technology ETF. The position of 6,039,111 shares is 4.2% higher than the last share ownership disclosure from Amplify. An ownership level above 5% is notable because it triggers SEC beneficial ownersh...
Wolterk Amplify Investment disclosed that it held a passive stake in Bed Bath & Beyond ( BBBY ) of 8.7%. The filing was on behalf of Amplify Investments LLC, Amplify ETF Trust, and Amplify Blockchain Technology ETF. The position of 6,039,111 shares is 4.2% higher than the last share ownership disclosure from Amplify. An ownership level above 5% is notable because it triggers SEC beneficial ownership disclosure, which makes the position visible to the market. That visibility could come into play for a turnaround-style stock like Bed Bath & Beyond ( BBBY ) because it shows a large fund is willing to own a sizeable piece of the company. Shares of Bed Bath & Beyond ( BBBY ) still trade at the lower end of their 52-week range of $3.74 to $12.65. Analysts have pointed to signs of a turnaround at the retailer after the strategy reset under CEO Marcus Lemonis but have warned that it is still “early innings” and positive adjusted EBITDA is still a work in progress. Short interest on BBBY stands at 12.3% of the total float. More on Bed Bath & Beyond Bed Bath & Beyond: Still Unprofitable, Still Burning Through Cash Bed Bath & Beyond, Inc. 2026 Q1 - Results - Earnings Call Presentation Bed Bath & Beyond, Inc. (BBBY) Q1 2026 Earnings Call Transcript Bed Bath & Beyond soars after earnings as analysts weigh in on the turnaround plan Bed Bath & Beyond targets $60M cost removal over next 9 months as it integrates acquisitions
格隆汇5月5日｜美国电力公司（American Electric Power, AEP）将其五年期资本投资计划提高至780亿美元，较三个月前发布的计划增加了8%，主要受PJM和SPP地区新获批的输电投资以及印第安纳州新天然气发电项目的推动。目前，数据中心的激增正促使这家美国电力公用事业公司扩建其系统。随着大型科技公司建立耗电量巨大的数据中心以支持人工智能（AI）发展，美国的电力需求正创下历史新高，...
格隆汇5月5日｜美国电力公司（American Electric Power, AEP）将其五年期资本投资计划提高至780亿美元，较三个月前发布的计划增加了8%，主要受PJM和SPP地区新获批的输电投资以及印第安纳州新天然气发电项目的推动。目前，数据中心的激增正促使这家美国电力公用事业公司扩建其系统。随着大型科技公司建立耗电量巨大的数据中心以支持人工智能（AI）发展，美国的电力需求正创下历史新高，这促使公用事业公司加大在发电和输电基础设施方面的投资。
LONG BEACH, Calif.—2026 is a strange time for electric vehicles in the US. The current administration has no desire to push for their adoption and has rescinded the federal tax credit on which EV sales have depended for years. Tariffs have made vehicles and their constituent components even more expensive , making switching to an EV for the first time an even harder pill to swallow. Manufacturers ...
LONG BEACH, Calif.—2026 is a strange time for electric vehicles in the US. The current administration has no desire to push for their adoption and has rescinded the federal tax credit on which EV sales have depended for years. Tariffs have made vehicles and their constituent components even more expensive , making switching to an EV for the first time an even harder pill to swallow. Manufacturers like Honda, which had three nearly production-ready EVs on deck, just killed them all unceremoniously . It’s bleak out there. Still, Ford has decided to stay in the game with its “Universal Electric Vehicle,” which it announced in late 2025. This highly modular platform is designed to underpin all of the Blue Oval’s electric vehicles going forward. The work has been largely conducted at Ford’s Electric Vehicle Development Center (EVDC) in sunny Long Beach, California, and Ars Technica was recently invited to tour the facility to see what makes it different from any of Ford’s other operations. Read full article Comments
Former leader says antisemitic comments by some election candidates are unacceptable UK politics live – latest updates The former Green leader Caroline Lucas has called for the party to take immediate action against candidates who have made antisemitic comments or posts, following a series of cases before Thursday’s elections. Lucas, who led or co-led the party for six years and served as its firs...
Former leader says antisemitic comments by some election candidates are unacceptable UK politics live – latest updates The former Green leader Caroline Lucas has called for the party to take immediate action against candidates who have made antisemitic comments or posts, following a series of cases before Thursday’s elections. Lucas, who led or co-led the party for six years and served as its first MP, said that while the number of such cases was limited, they could not be ignored. Continue reading...
Bank of America just reset its view on the home improvement sector, and Lowe’s (NYSE:LOW) drew the short straw. On May 5, 2026, the firm reinstated coverage of Lowe’s stock at Neutral with a $260 price target, stepping down from its prior Buy rating. The call functions as a de facto analyst downgrade. The investor ... Lowe’s Just Got Yanked From the BofA Buy List: Is the Home Improvement Trade Sta...
Bank of America just reset its view on the home improvement sector, and Lowe’s (NYSE:LOW) drew the short straw. On May 5, 2026, the firm reinstated coverage of Lowe’s stock at Neutral with a $260 price target, stepping down from its prior Buy rating. The call functions as a de facto analyst downgrade. The investor ... Lowe’s Just Got Yanked From the BofA Buy List: Is the Home Improvement Trade Stalling?