Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
California drayage operator deploys Class 8 electric truck on live port freight lanes in a three-week pilot, advancing zero-emission goals for last-mile container moves. COMPTON, CA / ACCESS Newswire / April 29, 2026 / MDB, a Southern California drayage ...
California drayage operator deploys Class 8 electric truck on live port freight lanes in a three-week pilot, advancing zero-emission goals for last-mile container moves. COMPTON, CA / ACCESS Newswire / April 29, 2026 / MDB, a Southern California drayage ...
Los Angeles, CA, April 29, 2026 (GLOBE NEWSWIRE) -- Los Angeles, CA - April 29, 2026 - - DSCP Smart Fulfillment, a US-based third-party logistics provider, reports increased demand for hybrid fulfillment for e-commerce brands as Amazon FBA fee increases push sellers to adopt multi-channel strategies. The company, which operates fulfillment centers in Los Angeles, California, and New Brunswick, New...
Los Angeles, CA, April 29, 2026 (GLOBE NEWSWIRE) -- Los Angeles, CA - April 29, 2026 - - DSCP Smart Fulfillment, a US-based third-party logistics provider, reports increased demand for hybrid fulfillment for e-commerce brands as Amazon FBA fee increases push sellers to adopt multi-channel strategies. The company, which operates fulfillment centers in Los Angeles, California, and New Brunswick, New Jersey, has positioned itself to support brands transitioning from single-channel dependency to div
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it , Goldman forecast that global visible oil inventories are likely to reach record-low leve...
US Oil Exports Soar To New Record High As Inventories Tumble, SPR Drained Most Since October 2022 One week ago we lamented that the record oil inventory drawdown, which has seen over 250 million barrels drained from storage since the start of the war, has not led to higher oil prices (for those who missed it , Goldman forecast that global visible oil inventories are likely to reach record-low levels even in an optimistic scenario where Hormuz flows start to recover by the end of April ). Moments ago the already precarious inventory picture turned even more ominous after the DOE reported that Crude stocks tumbled by a whopping 6.234 million barrels, far more than the 190K draw expected. The huge decline on US crude stockpiles was the largest draw since early February. It took nationwide storage numbers to around 459.5 million barrels. But it wasn't just crude: all other products drew as well: Crude -6.234MM, Exp. -190K, and much bigger than the 1.8-million-barrel decrease seen by the API on Tuesday Gasoline -6.075MM Distillates -4.494MM Cushing -796K Gasoline declines in the middle of their predicted range at 6.1 million barrels. That’s the biggest draw since earlier in April, but the bigger story is total supplies falling to their lowest since December . Seasonally, stocks are at their lowest since 2014. Gasoline futures got a nice bump on this, extending their gains to new intraday highs, though the big story, as ever, is the Strait of Hormuz . Visually Since the war started, Crude stocks had risen significantly, while gasoline inventories have seen non-stop draws. However, oil has now also inflected lower as it too starts to draw, painting an ominous picture for US gasoline prices which are already at multi-year highs. The big draw in distillate stocks - the largest since March 2025 - came from the Gulf Coast. That’s now below seasonal levels from 2022 in that region, when global diesel supplies were strained by the war in Ukraine. Distillate exports out of the US...
KeyBanc has lifted its price target on Intuitive Machines (NASDAQ:LUNR) stock to $27 from $26, while reiterating an Overweight rating. Analyst Michael Leshock points to accelerating demand for lunar initiatives led by the National Aeronautics and Space Administration (NASA) as the catalyst behind the bump. The price target raised by KeyBanc lands as Intuitive Machines ... KeyBanc Raises Intuitive ...
KeyBanc has lifted its price target on Intuitive Machines (NASDAQ:LUNR) stock to $27 from $26, while reiterating an Overweight rating. Analyst Michael Leshock points to accelerating demand for lunar initiatives led by the National Aeronautics and Space Administration (NASA) as the catalyst behind the bump. The price target raised by KeyBanc lands as Intuitive Machines ... KeyBanc Raises Intuitive Machines Price Target to $27: Is the Lunar Economy Finally Liftoff-Ready?
The digital bank and personal lender SoFi (NASDAQ: SOFI) delivered strong 134% net income growth and 43% net revenue growth. Results were roughly in line with what Wall Street analysts had expected. However, management left its full-year guidance unchanged, while its second-quarter revenue guidance came in slightly short of consensus estimates. The stock had sunk roughly 13%, as of 11:18 a.m. ET t...
The digital bank and personal lender SoFi (NASDAQ: SOFI) delivered strong 134% net income growth and 43% net revenue growth. Results were roughly in line with what Wall Street analysts had expected. However, management left its full-year guidance unchanged, while its second-quarter revenue guidance came in slightly short of consensus estimates. The stock had sunk roughly 13%, as of 11:18 a.m. ET today. Continue reading
Month-long mission to save animal in Baltic sea off Germany has attracted national frenzy Timmy the whale rescue attempt begins off coast of Germany – in pictures Attempts to rescue a young humpback whale that was stranded in shallow waters off the Baltic coast in Germany have been criticised by the International Whaling Commission as “inadvisable”. The 10m-long whale, variously nicknamed Timmy or...
Month-long mission to save animal in Baltic sea off Germany has attracted national frenzy Timmy the whale rescue attempt begins off coast of Germany – in pictures Attempts to rescue a young humpback whale that was stranded in shallow waters off the Baltic coast in Germany have been criticised by the International Whaling Commission as “inadvisable”. The 10m-long whale, variously nicknamed Timmy or Hope, swam on to a sand bank more than a month ago, and its health deteriorated as it repeatedly became stranded. Hopes were raised on Tuesday when divers helped the mammal on to a flooded barge . By Wednesday, the barge, pulled by a tug boat, had reached Danish waters as it headed towards the North Sea. Continue reading...
Getty Images Giving Up Some Of The Sturdy Long-term Gains AppLovin Corporation ( APP ), a prominent facilitator of AI-powered advertising solutions, is a stock I’ve been bullish on since September 2024 . While APP has witnessed astounding growth (a +4x expansion in its market-cap), since my last coverage, it appears to be going through some wobbles in the current year. To shed more insight, during...
Getty Images Giving Up Some Of The Sturdy Long-term Gains AppLovin Corporation ( APP ), a prominent facilitator of AI-powered advertising solutions, is a stock I’ve been bullish on since September 2024 . While APP has witnessed astounding growth (a +4x expansion in its market-cap), since my last coverage, it appears to be going through some wobbles in the current year. To shed more insight, during the first four months of 2026, when the S&P500 is up by almost mid-single-digits, and APP’s tech peers from the S&P500 have more than doubled the returns of the equity benchmark, this ad-tech specialist, has seen a third of its market-cap being shaved off. YCharts Given this recent turbulence, am I still inclined to maintain my bullish stance on the stock? Yes, and here’s why. Why I Am Still Bullish On AppLovin Firstly, I believe AppLovin’s recent efforts to broaden into new verticals like e-Commerce could potentially enter a state of inflection this year. At the start of Q4-25, APP had launched its self-serve tool for e-commerce and non-gaming clients to help expedite the onboarding process, which was previously being done manually, and only resulted in a limited pool of clients coming on board (APP has been working on this for the past 1.5 years). A shift from the referral-only state, to a general-availability launch is due to take place before the end of H1-26. I expect APP to see strong traction from e-commerce advertisers following the general-availability launch because firstly, the former already has an active client base of over 1 billion daily users which gives these e-commerce players access to far wider scale. Secondly, unlike Instagram feeds or Facebook stories, where the attention span of the viewer is quite minimal, the typical average impression time on AppLovin is longer at 35 seconds . Opportunities to double-down on longer-form videos here too are more evident than elsewhere, bringing a very niche pool of e-commerce marketers as well. Separately, it’s als...
JHVEPhoto/iStock Editorial via Getty Images Pfizer ( PFE ) announced on Wednesday that Elrexfio, a treatment for a type of blood cancer called multiple myeloma, reached the primary endpoint in a late-stage trial, raising prospects for the immunotherapy, which is already available in the U.S. under the FDA’s accelerated pathway. Citing topline data, the company stated that its Phase 3 MagnetisMM-5 ...
JHVEPhoto/iStock Editorial via Getty Images Pfizer ( PFE ) announced on Wednesday that Elrexfio, a treatment for a type of blood cancer called multiple myeloma, reached the primary endpoint in a late-stage trial, raising prospects for the immunotherapy, which is already available in the U.S. under the FDA’s accelerated pathway. Citing topline data, the company stated that its Phase 3 MagnetisMM-5 study met the main goal, as patients who received Elrexfio survived longer without cancer (progression‑free survival) with a statistically significant and clinically meaningful effect. The injectable, which was granted the FDA's accelerated approval in 2023 as a late-line option for RRMM, indicated a safety and tolerability profile in line with its established safety profile, Pfizer ( PFE ) added. The open-label study was designed to evaluate Elrexfio as a single agent versus standard of care in nearly 500 adults with relapsed or refractory MM who had already received one or more prior lines of therapy. While the trial is set to continue to assess overall survival, a key secondary endpoint, Pfizer ( PFE ) plans to share the existing results with global regulators. More on Pfizer Pfizer Could Surprise Again This Earnings Season (Preview) Pfizer: Painful Recovery Underway Pfizer: Why Wall Street Habitually Overestimates Target Price BridgeBio seesaws after settlement in Pfizer Vyndamax patent dispute (update) BridgeBio gains amid report of settlement in Pfizer Vyndamax patent dispute
George Frey/Getty Images News Generac ( GNRC ) up 14.5% in Wednesday's trading to $255.87, its highest intraday level in more than three and a half years, after easily beating Q1 adjusted earnings expectations, lifted by solid demand for backup generators and a growing backlog from data center customers, and raising full-year guidance. Q1 profit rose to $73M, or $1.24/share, from $44M, or $0.73/...
George Frey/Getty Images News Generac ( GNRC ) up 14.5% in Wednesday's trading to $255.87, its highest intraday level in more than three and a half years, after easily beating Q1 adjusted earnings expectations, lifted by solid demand for backup generators and a growing backlog from data center customers, and raising full-year guidance. Q1 profit rose to $73M, or $1.24/share, from $44M, or $0.73/share, in the year-earlier quarter, and revenue rose 12.5% Y/Y to $1.06B, as sales in the residential segment edged up 1% Y/Y to $549M and sales in the commercial and industrial segment jumped 28% to $510M. Generac ( GNRC ) said it now sees FY 2026 revenue growth in the mid-to-high teens percent range, which translates to a range of $4.84B-$5B, compared to the $4.85B FactSet consensus estimate and up from the company's prior forecast of the mid-teens range, and boosts guidance for adjusted EBITDA margin to 18.5%-19.5% from its prior outlook of 18%-19%. Generac ( GNRC ) "reported 1Q revenue slightly above expectations, primarily driven by the C&I business," according to J.P. Morgan analyst Mark Strouse, who rates the stock at Overweight. "Gross margin was particularly strong, driven by price-cost realization, and resulting in a solid EPS beat." "We are continuing to build momentum in the large and rapidly growing data center end market as we are in the final stages of vendor approval with multiple hyperscale customers and have expanded our backlog for these products with both new and existing customers," President and CEO Aaron Jagdfeld said. More on Generac Generac: Strong C&I Momentum, But Residential Risk Remains Generac: Shares Power To 52-Week Highs After A Ho-Hum Q4 Generac Analyst/Investor Day - Slideshow
Third Avenue Real Estate Value Fund generated a return of -10.02% for the first quarter, underperforming its benchmark, the MSCI ACWI IMI Core Real Estate Index, which returned +0.59%. The primary contributors to performance during the period included the fund's industrial real estate and logistics holdings, such as Prologis ( PLD ), WESCO International ( WCC ), and First Industrial ( FR ), as wel...
Third Avenue Real Estate Value Fund generated a return of -10.02% for the first quarter, underperforming its benchmark, the MSCI ACWI IMI Core Real Estate Index, which returned +0.59%. The primary contributors to performance during the period included the fund's industrial real estate and logistics holdings, such as Prologis ( PLD ), WESCO International ( WCC ), and First Industrial ( FR ), as well as certain Asian-based investments, including CK Asset Holdings ( CHKGF ) and Jardine Matheson Holdings ( JMHLY ). However, these gains were more than offset by detractors during the quarter, including the Fund's investments in real estate services companies such as CBRE Group ( CBRE ), JLL ( JLL ), and Savills (SVLNF); residential-related businesses like Lennar ( LEN ) and the preferred equity of Fannie Mae ( FNMA ) and Freddie Mac; and U.K.-based property companies Big Yellow ( BYLOF ) plc and Berkeley Group ( BKGFY ). During the quarter, the Fund invested in Brookdale Senior Living ( BKD ) and Hang Lung Group ( HNLGY ). According to its quarterly fund letter, the fund added to several holdings where the price-to-value gap broadened to historically wide levels amid recent volatility, including certain commercial-centric issuers such as U-Haul Holdings ( UHAL ) and FirstService Corp. ( FSV ), as well as select international companies, including Accor SA ( ACCYY ) and Ingenia Communities (INGAF). On the other hand, the Fund also trimmed its position in CK Asset Holdings, exited several positions following corporate activity, including National Storage REIT ( NTSGF ), F&G Annuities ( FG ), Rayonier ( RYN ), and Unite Group, and extended the Fund's Hong Kong Dollar hedge. Source: Q1 2026 shareholder letter More on Brookdale Senior Living, Hang Lung Group, etc. Hang Lung Group: International Shifts Seem Constructive For Investment Brookdale Senior Living: A Compelling Backdrop F&G Annuities & Life: Addressing Market Fears Over Its Private Credit Exposure Brookdale March occu...
The market’s latest artificial intelligence panic says more about investor psychology than it does about the future of AI. Reports that OpenAI missed some of its internal growth targets helped trigger a sharp selloff across semiconductor and AI infrastructure stocks yesterday, though many names recovered some of the lost ground. Investors suddenly started treating the ... Semiconductor Stocks Tumb...
The market’s latest artificial intelligence panic says more about investor psychology than it does about the future of AI. Reports that OpenAI missed some of its internal growth targets helped trigger a sharp selloff across semiconductor and AI infrastructure stocks yesterday, though many names recovered some of the lost ground. Investors suddenly started treating the ... Semiconductor Stocks Tumble on OpenAI Warning. Google Says The Market Has It All Wrong