Tory leader says she did not sign off on video attacking Labour’s Troubles legacy proposals Kemi Badenoch has apologised after footage from Bloody Sunday was used in social media posts criticising a bill on legacy issues in Northern Ireland. The Conservative leader said on Saturday that she did not sign off on the use of a clip from the massacre, in which British soldiers opened fire on unarmed ci...
Tory leader says she did not sign off on video attacking Labour’s Troubles legacy proposals Kemi Badenoch has apologised after footage from Bloody Sunday was used in social media posts criticising a bill on legacy issues in Northern Ireland. The Conservative leader said on Saturday that she did not sign off on the use of a clip from the massacre, in which British soldiers opened fire on unarmed civil rights demonstrators in Derry, and that it was distributed by “very young people”. Continue reading...
When inflation rose 3.3% in March, it signaled that the Federal Reserve would most likely not lower its benchmark interest rate in the course of its late April meeting. And sure enough, the Fed just opted to hold its federal funds rate steady once again. The Fed typically lowers interest rates to encourage consumers to ... Fed’s Rate Freeze Could Sting for Social Security Recipients
When inflation rose 3.3% in March, it signaled that the Federal Reserve would most likely not lower its benchmark interest rate in the course of its late April meeting. And sure enough, the Fed just opted to hold its federal funds rate steady once again. The Fed typically lowers interest rates to encourage consumers to ... Fed’s Rate Freeze Could Sting for Social Security Recipients
Shares of AST SpaceMobile (NASDAQ: ASTS) dropped 10.8% in April, according to data from S&P Global Market Intelligence . Even though the rest of the space economy stocks have been soaring ahead of a SpaceX IPO, AST SpaceMobile is increasingly facing bearish sentiment due to a recent Blue Origin launch failure, heavy insider selling, and encroaching competition from SpaceX. The company generates ba...
Shares of AST SpaceMobile (NASDAQ: ASTS) dropped 10.8% in April, according to data from S&P Global Market Intelligence . Even though the rest of the space economy stocks have been soaring ahead of a SpaceX IPO, AST SpaceMobile is increasingly facing bearish sentiment due to a recent Blue Origin launch failure, heavy insider selling, and encroaching competition from SpaceX. The company generates barely any revenue and yet has a market cap of $27.5 billion. Here's why AST SpaceMobile fell in April, and whether now is the time to buy the dip. AST SpaceMobile is building a network of large satellites that can beam high-speed internet directly to mobile devices. This has never been done before on this scale, and could prove quite innovative if it can get a working network for millions of customers to use. Continue reading
Shares of Intuitive Surgical (NASDAQ: ISRG) have risen roughly 580% over the past decade. That's incredible when you consider that the S&P 500 index (SNPINDEX: ^GSPC) rose 240% over that same span. What makes Intuitive Surgical so attractive is the opportunity it is leaning into with its da Vinci surgical robots. But investors need to think beyond the actual sale of robots to fully understand just...
Shares of Intuitive Surgical (NASDAQ: ISRG) have risen roughly 580% over the past decade. That's incredible when you consider that the S&P 500 index (SNPINDEX: ^GSPC) rose 240% over that same span. What makes Intuitive Surgical so attractive is the opportunity it is leaning into with its da Vinci surgical robots. But investors need to think beyond the actual sale of robots to fully understand just how powerful a business Intuitive Surgical has built. Here's what you need to know. Surgical robots improve patient outcomes, making the technology highly attractive to both practitioners and patients. That is the core of the story about Intuitive Surgical, an industry pioneer. It currently has 11,395 of its surgical robots being used around the world. Image source: Getty Images. Continue reading
Jamie McCarthy Early in the Berkshire Hathaway ( BRK.B ) ( BRK.A ) annual meeting, Chairman Warren Buffett reinforced his support of Greg Abel, saying his decision to name Abel CEO "is the right decision." "Greg is doing everything I did and then some," he said, adding that Abel is also doing many things better than he did. He also pointed to the 10-year anniversary of Berkshire acquiring a stake ...
Jamie McCarthy Early in the Berkshire Hathaway ( BRK.B ) ( BRK.A ) annual meeting, Chairman Warren Buffett reinforced his support of Greg Abel, saying his decision to name Abel CEO "is the right decision." "Greg is doing everything I did and then some," he said, adding that Abel is also doing many things better than he did. He also pointed to the 10-year anniversary of Berkshire acquiring a stake in Apple ( AAPL ). The company spent $35B at the time. That's turned into $185B, including dividends and realized and unrealized appreciation, "and I didn't have to do a damn thing," he said. Abel started alone on the dais at the company's 60th annual meeting, after Warren Buffett helmed the proceedings for 59 years. The new CEO honored his predecessor by “retiring” a jersey with Buffett's name and the number 60 on it for the number of years the legendary investor was Berkshire's CEO. Another jersey was lifted to the arena's rafters with Munger and 45 for Charlie Munger, who was Buffett's business partner for 45 years. Earlier, the company delivered Q1 operating earnings of $11.3B , climbing 18% from the year-ago period, helped by a 29% jump in its insurance underwriting profit. Its cash pile grew 6.5% Q/Q to $397.4B. The company bought back $234.2M of More on Berkshire Hathaway Inc. Berkshire Hathaway At A Crossroads: No Buffett, Record Markets, Big Questions Berkshire Hathaway: The Impossible Expectations Placed On Greg Abel Berkshire Hathaway: Selling At A 20% Discount To Asset Value Berkshire Hathaway Q1 operating earnings +18% Y/Y, cash hits $397.4B Berkshire Hathaway Q1 earnings, annual meeting mark a changing of the guard
Formula One racing returns to Miami this weekend, with the fourth leg in the world championship speeding through south Florida. Bloomberg Hot Pursuit Co-hosts Matt Miller and Hannah Elliott join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss all things F1. (Source: Bloomberg)
Formula One racing returns to Miami this weekend, with the fourth leg in the world championship speeding through south Florida. Bloomberg Hot Pursuit Co-hosts Matt Miller and Hannah Elliott join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss all things F1. (Source: Bloomberg)
The S&P 500 ( SP500 ) closed in the green on Friday after investors witnessed strong corporate earnings along with retreating oil prices. Wall Street had a slew of upgrades and downgrades from analysts. Here are some of the major calls for the week: AMD downgraded ahead of earnings Northland Capital downgraded AMD ( AMD ) to Market Perform from Outperform. “We expect AMD to beat and raise estimate...
The S&P 500 ( SP500 ) closed in the green on Friday after investors witnessed strong corporate earnings along with retreating oil prices. Wall Street had a slew of upgrades and downgrades from analysts. Here are some of the major calls for the week: AMD downgraded ahead of earnings Northland Capital downgraded AMD ( AMD ) to Market Perform from Outperform. “We expect AMD to beat and raise estimates when it reports next week, but the results will likely not be as robust as Intel's,” analyst Gus Richard wrote in a note to clients. “While AMD will benefit from price increases, we believe AMD needs to continue spending heavily on R&D to catch up with NVDA.” The brokerage kept its PT of $260 on the stock. “We believe the CY27 consensus needs to come down, as we expect AI infrastructure spending to decline in CY27,” Richard added. Meta downgraded after AI spending surge J.P. Morgan’s Doug Anmuth downgraded Meta Platforms ( META ) to Neutral from Overweight following its Q1 results and increased capex spending. Anmuth said that “shares could remain pressured as investors look for greater clarity on agentic products and how Muse models will help drive incremental revenue beyond advertising.” “We look for greater clarity into the path to returns on AI spending beyond the core ad business and believe building, iterating, scaling, and monetizing new products and experiences will take time,” the brokerage added. T-Mobile receives upgrade on Q1 results T-Mobile ( TMUS ) earned an upgrade at Oppenheimer on Q1 results, free cash flow, and M&A opportunities. Analyst Timothy Horan expects T-Mobile to focus on closing the 20% price discount with peers while maintaining cost controls to keep expenses flat year-over-year, largely by relying more heavily on artificial intelligence. Increases to its free cash flow to an “industry-leading 13% per year” on strong margins and buybacks also support Horan’s upgrade to Outperform. “Long-term guidance is also likely conservative with room for u...
Generative AI has turned coding from a specialized skill into something anyone can do with a simple prompt. A warehouse owner is revolutionizing his shipping software with AI and a creative designer vibe coded her first app with zero technical experience. Computer programmers are doing it too, but a director at Google Cloud AI says vibe coding does not mean the end of serious engineering. As profe...
Generative AI has turned coding from a specialized skill into something anyone can do with a simple prompt. A warehouse owner is revolutionizing his shipping software with AI and a creative designer vibe coded her first app with zero technical experience. Computer programmers are doing it too, but a director at Google Cloud AI says vibe coding does not mean the end of serious engineering. As professionals and hobbyists alike are writing code with AI, hiring for junior developers is falling fast and researchers warn companies are making a dangerous short-term bet. (Source: Bloomberg)