Apple Inc. co-founder Steve Jobs once framed humanity's edge over apes and other high primates in simple terms: people build tools, then use those tools to outrun their own limits. Jobs Saw Bicycles As Proof Of Human Advantage In interviews from the early 1980s, Jobs described reading a Scientific American study that measured how efficiently different species moved. The condor, he said, used the l...
Apple Inc. co-founder Steve Jobs once framed humanity's edge over apes and other high primates in simple terms: people build tools, then use those tools to outrun their own limits. Jobs Saw Bicycles As Proof Of Human Advantage In interviews from the early 1980s, Jobs described reading a Scientific American study that measured how efficiently different species moved. The condor, he said, used the least energy to travel a kilometer, while humans made "a rather unimpressive showing," ranking about
Concentrated bets on a handful of mega-cap technology names drove most of the S&P 500’s returns over the past three years, and Roundhill built MAGS to deliver that exposure in one ticker without forcing investors to guess which name will lead next. The Single-Decision Mega-Cap Tech Sleeve The Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) holds seven ... MAGS Is Up 181% Since Launch, but 2026 Rev...
Concentrated bets on a handful of mega-cap technology names drove most of the S&P 500’s returns over the past three years, and Roundhill built MAGS to deliver that exposure in one ticker without forcing investors to guess which name will lead next. The Single-Decision Mega-Cap Tech Sleeve The Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) holds seven ... MAGS Is Up 181% Since Launch, but 2026 Reveals Its Hidden Weakness
Participants took 25mg of psilocybin, reporting deeper psychological insight and better wellbeing a month later A single dose of psilocybin, the active ingredient in magic mushrooms, can induce anatomical changes in the brain, according to research among people who took the psychedelic compound for the first time. Scientists spotted apparent changes in the brain’s structure which were still appare...
Participants took 25mg of psilocybin, reporting deeper psychological insight and better wellbeing a month later A single dose of psilocybin, the active ingredient in magic mushrooms, can induce anatomical changes in the brain, according to research among people who took the psychedelic compound for the first time. Scientists spotted apparent changes in the brain’s structure which were still apparent a month after healthy volunteers took the drug. If confirmed, they may help explain the therapeutic effects that psychedelics can have on anxiety, depression and addiction, researchers said. Continue reading...
State Street’s own 2026 ETF outlook called active fixed income the “global product center of gravity”, which is a striking concession from the firm that built the largest passive high-yield ETF on the market. That backdrop frames the case for Vanguard High-Yield Active ETF (CBOE:VGHY), Vanguard’s first actively managed high-yield bond ETF. Launched in September ... Credit Spreads Are the Signal Th...
State Street’s own 2026 ETF outlook called active fixed income the “global product center of gravity”, which is a striking concession from the firm that built the largest passive high-yield ETF on the market. That backdrop frames the case for Vanguard High-Yield Active ETF (CBOE:VGHY), Vanguard’s first actively managed high-yield bond ETF. Launched in September ... Credit Spreads Are the Signal That Will Make or Break VGHY in 2026
Anthropic PBC unveiled a set of new artificial intelligence agents designed to handle a broader mix of financial services tasks, part of the company’s push to win over Wall Street. The Claude maker is releasing AI agents that it says can draft pitch decks for client meetings, review financial statements and escalate cases for compliance review. The new tools — 10 in total — are aimed at profession...
Anthropic PBC unveiled a set of new artificial intelligence agents designed to handle a broader mix of financial services tasks, part of the company’s push to win over Wall Street. The Claude maker is releasing AI agents that it says can draft pitch decks for client meetings, review financial statements and escalate cases for compliance review. The new tools — 10 in total — are aimed at professionals across banking, insurance, asset management and financial technology. In a sign of the company’s growing influence beyond Silicon Valley, Anthropic Chief Executive Dario Amodei is set to speak about AI Tuesday alongside JPMorgan Chase & Co.’s Jamie Dimon at an Anthropic event in New York attended by banking industry leaders. Anthropic has established itself as a leader in the lucrative market for AI coding tools that streamline the process of software development. Increasingly, the firm is now competing against rival OpenAI to prove its technology can handle a wide range of valuable tasks in other industries, including finance, as the two startups look to bolster revenue ahead of their widely expected initial public offerings. “Finance is a great blueprint for the rest of knowledge work,” said Nicholas Lin, Anthropic’s head of product for financial services. “We’ve actually seen finance just a few months behind code, which we’ve seen massive acceleration in.” The company now has more than 300,000 business customers who use its technologies to automate parts of their work. In February, Anthropic introduced plug-ins for its Claude software tailored for financial analysis, equity research, private equity and wealth management. It also debuted a new model that month that it said was more adept at financial research . As part of the new offerings announced Tuesday, Anthropic said it is also 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 Du...
Shares of Intel (NASDAQ:INTC) are catapulting 14% in Tuesday morning trading, changing hands near $109.60 after Bloomberg reported that Apple (NASDAQ:AAPL) is exploring Intel’s foundry services for future U.S. chip production. The move extends a stunning run. Intel stock is up 118% over the past month and up roughly 197% year to date (YTD), breaking ... Intel Rips 14% Higher: Apple Foundry Reports...
Shares of Intel (NASDAQ:INTC) are catapulting 14% in Tuesday morning trading, changing hands near $109.60 after Bloomberg reported that Apple (NASDAQ:AAPL) is exploring Intel’s foundry services for future U.S. chip production. The move extends a stunning run. Intel stock is up 118% over the past month and up roughly 197% year to date (YTD), breaking ... Intel Rips 14% Higher: Apple Foundry Reports Crush Bears in Massive Short Squeeze
Thomas Barwick/DigitalVision via Getty Images Over the last few days, I have had to sit with a fairly uncomfortable conclusion: I was too early with my downgrade on Alphabet Inc. ( GOOG ) ( GOOGL ), and, in my world, being too early is effectively the same thing as being wrong. Look, I still think the depreciation is a risk, particularly after the last 10-Q shows that $108.6 billion of assets were...
Thomas Barwick/DigitalVision via Getty Images Over the last few days, I have had to sit with a fairly uncomfortable conclusion: I was too early with my downgrade on Alphabet Inc. ( GOOG ) ( GOOGL ), and, in my world, being too early is effectively the same thing as being wrong. Look, I still think the depreciation is a risk, particularly after the last 10-Q shows that $108.6 billion of assets were not yet in service as of March 31, 2026, up from $78.6 billion at the end of 2025. Those assets should eventually move into service and start flowing through depreciation expense. That is why I am not declaring the concern solved. I am only saying the timing appears later than I expected. In the meantime, I think the market has something else to focus on: growth (particularly in the Cloud segment). With more than half of the $467.6B in total revenue backlog expected to be recognized over the next 24 months, I think this plays a more important role in investors' minds than depreciation. Overall, I turned again bullish on Alphabet, but I still have one eye on the exit. Was I Dead Wrong With My Downgrade? Yes. I was too early, and, in my world (I have an investment timeframe of 3-24 months), that is the same thing as being wrong. That said, I still believe that the Q1 EPS beat was low quality, as $36.9 billion of equity gains was a tailwind to net income. For reference, in the same quarter last year, the equity gain was only $9.8B. Alphabet Q1 2026 | 10Q I found the following remarks in one of the footnotes of the Q1 2026 earnings release (emphasis added): For Q1 2026, the net effect of the gain on equity securities of $36.9 billion increased the provision for income tax, net income, and diluted net income per share by $8.2 billion, $28.7 billion, and $2.35, respectively. So the tailwind was about $2.35. Excluding this gain, the diluted EPS would have been $2.76. Even after backing out this non-operating tailwind, the Q1 EPS would still top the $2.63 consensus . In other word...
It’s clearly a looker. | Image: Telepathic Instruments The Telepathic Instruments Orchid has been unavailable for a few months now. But a new batch is ready to drop on May 5th for $649, and the company is celebrating with a limited edition clear Orchid: Arctic, which will cost slightly more: $699. The Orchid was designed in part with Kevin Parker of Tame Impala , and it draws inspiration from chor...
It’s clearly a looker. | Image: Telepathic Instruments The Telepathic Instruments Orchid has been unavailable for a few months now. But a new batch is ready to drop on May 5th for $649, and the company is celebrating with a limited edition clear Orchid: Arctic, which will cost slightly more: $699. The Orchid was designed in part with Kevin Parker of Tame Impala , and it draws inspiration from chord organs that were popular in homes during the '50s and '60s. Like those instruments, the Orchid allows musicians to quickly play rich chord progressions without having to master a ton of theory or complex fingerings. It quickly generated a lot of buzz and could be difficult to get your hands on. But … Read the full story at The Verge.
Dividend stocks that raise their payouts regularly can be extremely valuable investments to hold for the long term, as their rising income can offset the effects of inflation. While many dividend growth stocks boast about long streaks, it's also important to consider the rate of their increases . A company could, after all, raise its dividend by a penny to keep its streak going, and it would still...
Dividend stocks that raise their payouts regularly can be extremely valuable investments to hold for the long term, as their rising income can offset the effects of inflation. While many dividend growth stocks boast about long streaks, it's also important to consider the rate of their increases . A company could, after all, raise its dividend by a penny to keep its streak going, and it would still technically be considered a dividend growth stock. The three stocks listed here have made significant, double-digit increases to their dividend payments this year. American Express (NYSE: AXP) , TJX Companies (NYSE: TJX) , and Costco Wholesale (NASDAQ: COST) have recently made announcements that dividend investors are sure to love, reminding them of why these are great stocks to own for the long haul. Image source: Getty Images. Continue reading
Thomas Barwick/DigitalVision via Getty Images Over the last few days, I have had to sit with a fairly uncomfortable conclusion: I was too early with my downgrade on Alphabet Inc. ( GOOG ) ( GOOGL ), and, in my world, being too early is effectively the same thing as being wrong. Look, I still think the depreciation is a risk, particularly after the last 10-Q shows that $108.6 billion of assets were...
Thomas Barwick/DigitalVision via Getty Images Over the last few days, I have had to sit with a fairly uncomfortable conclusion: I was too early with my downgrade on Alphabet Inc. ( GOOG ) ( GOOGL ), and, in my world, being too early is effectively the same thing as being wrong. Look, I still think the depreciation is a risk, particularly after the last 10-Q shows that $108.6 billion of assets were not yet in service as of March 31, 2026, up from $78.6 billion at the end of 2025. Those assets should eventually move into service and start flowing through depreciation expense. That is why I am not declaring the concern solved. I am only saying the timing appears later than I expected. In the meantime, I think the market has something else to focus on: growth (particularly in the Cloud segment). With more than half of the $467.6B in total revenue backlog expected to be recognized over the next 24 months, I think this plays a more important role in investors' minds than depreciation. Overall, I turned again bullish on Alphabet, but I still have one eye on the exit. Was I Dead Wrong With My Downgrade? Yes. I was too early, and, in my world (I have an investment timeframe of 3-24 months), that is the same thing as being wrong. That said, I still believe that the Q1 EPS beat was low quality, as $36.9 billion of equity gains was a tailwind to net income. For reference, in the same quarter last year, the equity gain was only $9.8B. Alphabet Q1 2026 | 10Q I found the following remarks in one of the footnotes of the Q1 2026 earnings release (emphasis added): For Q1 2026, the net effect of the gain on equity securities of $36.9 billion increased the provision for income tax, net income, and diluted net income per share by $8.2 billion, $28.7 billion, and $2.35, respectively. So the tailwind was about $2.35. Excluding this gain, the diluted EPS would have been $2.76. Even after backing out this non-operating tailwind, the Q1 EPS would still top the $2.63 consensus . In other word...
Competition between OpenAI and Anthropic, the two most prominent artificial intelligence start-ups, is intensifying as they race to expand relationships with major financial institutions. San Francisco-based Anthropic, which makes the Claude AI assistant that rivals OpenAI’s widely used ChatGPT, is launching a slate of new AI agent offerings for banks, investment managers, and insurers. The agents...
Competition between OpenAI and Anthropic, the two most prominent artificial intelligence start-ups, is intensifying as they race to expand relationships with major financial institutions. San Francisco-based Anthropic, which makes the Claude AI assistant that rivals OpenAI’s widely used ChatGPT, is launching a slate of new AI agent offerings for banks, investment managers, and insurers. The agents are meant to help those companies’ employees build presentations, synthesize webs of data sets and filings, build financial models, and complete other tasks, Anthropic said on Tuesday.
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting ...
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting. If you like chatting with us, check out the Odd Lots Discord , where you can hang out and talk with us and with other listeners 24/7. Here’s what Tracy’s thinking about... Look, it’s always risky to cherry-pick data points that support just one particular conclusion in a heated debate. And right now, one of the heated debates du jour is the impact of higher oil prices on the economy. Will they spark higher inflation as costs are passed onto consumers, or a deflationary bust as growth slows? That said, reading through all my messages over the past week or so, it’s hard not to see a preponderance of economic data now firmly tilting towards the inflationary side of the equation. And bond markets are clearly taking notice. This morning the yield on the UK’s 30-year gilt hit the highest level since 1998 on rising expectations that the Bank of England will need to hike: Over in South Korea, Ryoo Sang-dai, deputy governor of the central bank, said it’s time to consider raising rates: Meanwhile in the US, the two-year Treasury yield has been testing 4%: But I think it’s the Reserve Bank of Australia that best captured the shift in mood, after hiking rates (as expected) overnight and basically reversing the whole cutting cycle it started in late 2024. “We feel we’re now in a position where we’ve got space, to be alert now to both sides of the risks to inflation - upside and downside,” said RBA Michele Governor. Clearly something in the macro mood is shifting, with a big chunk of the bond market increasingly focused on the inflationary impulse of higher oil prices as opposed to the drag on growth. What J...
‘Least affordable’ areas mainly in London commuter belt, UK Finance finds, with Iran war not yet reflected in data Business live – latest updates UK homebuyers are facing the worst mortgage affordability pressures for almost two decades, although the “pain” is not being felt equally across the country, according to industry data. The banking body UK Finance said that at a nationwide level, initial...
‘Least affordable’ areas mainly in London commuter belt, UK Finance finds, with Iran war not yet reflected in data Business live – latest updates UK homebuyers are facing the worst mortgage affordability pressures for almost two decades, although the “pain” is not being felt equally across the country, according to industry data. The banking body UK Finance said that at a nationwide level, initial mortgage repayments were typically swallowing up more than a fifth (21.3%) of a homebuyer’s gross income – the highest level since 2008. Continue reading...
Tesla CEO Elon Musk hopes that FSD will advance to unsupervised autonomous driving by the end of the year. Achieving that would be a catalyst for Tesla stock, demonstrating that widespread use of truly self-driving cars is just around the corner. Musk missed the deadline by 11 days, potentially costing former Twitter holders money.
Tesla CEO Elon Musk hopes that FSD will advance to unsupervised autonomous driving by the end of the year. Achieving that would be a catalyst for Tesla stock, demonstrating that widespread use of truly self-driving cars is just around the corner. Musk missed the deadline by 11 days, potentially costing former Twitter holders money.