US President Donald Trump’s approval rating fell in recent days to its lowest point since he returned to the White House, hit by a surge in fuel prices and widespread disapproval of the war he launched on Iran, a Reuters/Ipsos poll found. The four-day poll, which closed on Monday, showed 36 per cent of Americans approve of Trump’s job performance, down from 40 per cent in a Reuters/Ipsos poll con...
US President Donald Trump’s approval rating fell in recent days to its lowest point since he returned to the White House, hit by a surge in fuel prices and widespread disapproval of the war he launched on Iran, a Reuters/Ipsos poll found. The four-day poll, which closed on Monday, showed 36 per cent of Americans approve of Trump’s job performance, down from 40 per cent in a Reuters/Ipsos poll conducted last week. Americans’ views on Trump soured significantly with regard to his stewardship over...
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we
OpenAI is nearing a deal to raise about $10 billion from venture investors, according to people familiar with the matter, bringing the total haul from its latest funding round to roughly $120 billion. Abu Dhabi’s MGX, Coatue Management and Thrive Capital are set to participate in the round at a $730 billion valuation, not including the money raised, said the people, who spoke on condition of anony...
OpenAI is nearing a deal to raise about $10 billion from venture investors, according to people familiar with the matter, bringing the total haul from its latest funding round to roughly $120 billion. Abu Dhabi’s MGX, Coatue Management and Thrive Capital are set to participate in the round at a $730 billion valuation, not including the money raised, said the people, who spoke on condition of anonymity to discuss private information. Altimeter Capital is also planning to put in money, the people said. The investments are expected to be finalized by the end of this month, the people said. Talks are ongoing and the final amount could change. The ChatGPT maker announced last month that it had finalized a deal to raise $110 billion in funding from Amazon.com Inc. , Nvidia Corp. and SoftBank Group Corp . Bloomberg News previously reported OpenAI planned to seek more money from venture firms before completing the round. OpenAI declined to comment. Representatives for Coatue, MGX, Thrive and Altimeter did not respond to requests for comment. The deal marks OpenAI’s largest funding round to date and bolsters its costly push to secure more computing power and talent for AI development. The additional capital would bring OpenAI’s valuation to around $850 billion, including the money raised. OpenAI rival Anthropic PBC completed a deal last month to raise $30 billion from investors at a $380 billion valuation. MGX co-led that funding round.
Microsoft Corp. President Brad Smith says the company puts its own safety guardrails around artificial intelligence. He speaks during a panel discussion at CERA Week in Houston. (Source: Bloomberg)
Microsoft Corp. President Brad Smith says the company puts its own safety guardrails around artificial intelligence. He speaks during a panel discussion at CERA Week in Houston. (Source: Bloomberg)
Mohamad Faizal Bin Ramli/iStock via Getty Images Performance Recap For the quarter, the PGIM National Muni Fund Class Z returned 1.61% net of fees and outperformed the Bloomberg 1-15 Year Municipal Bond Index gross of fees. Key Contributors The Fund's yield curve positioning. An overweight to Special Assessment bonds. Key Detractors An overweight to Pre-Pay Gas bonds. Security selection in Housing...
Mohamad Faizal Bin Ramli/iStock via Getty Images Performance Recap For the quarter, the PGIM National Muni Fund Class Z returned 1.61% net of fees and outperformed the Bloomberg 1-15 Year Municipal Bond Index gross of fees. Key Contributors The Fund's yield curve positioning. An overweight to Special Assessment bonds. Key Detractors An overweight to Pre-Pay Gas bonds. Security selection in Housing bonds. Market Review In Q4, total return performance for tax-exempt municipal bonds was positive, as issuance remained heavy and the Fed resumed its rate cutting policy with a 25-bp cut in both October and December. While bonds on the long end of the muni curve outperformed short and intermediate bonds during the quarter, longer maturities underperformed short maturities as the muni curve steepened over the full year. The tax-exempt market, as represented by the Bloomberg Municipal Bond Index, returned 1.56% in Q4 (on a total return basis), while the Bloomberg Taxable Municipal Index posted total returns of 1.37%. Municipal/Treasury yield ratios on 5-year, 10-year, and 30-year maturities ended the period at 65% (+3 pp), 66% (-4 pp), and 88% (-2 pp), respectively. Gross issuance in December totaled $41 billion and net issuance totaled $10 billion, bringing gross and net issuance for 2025 to $582 billion and $237 billion, respectively. Taxable issuance was $2 billion, representing 6% of December's total gross supply. On the demand side, tax-exempt mutual bond funds posted around $4 billion in inflows in December, driven primarily by inflows from national funds, ETFs, and intermediate funds. For 2025, inflows totaled around $49 billion ($14 billion for mutual funds and $35 billion for ETFs). Redemptions in December totaled $31 billion, lower than the historical average for the month. Quarter The Fund's curve flattener positioning contributed to performance as the 5s20s portion of the muni curve flattened. The Fund's duration positioning detracted from performance. The Fund's ...
wildpixel/iStock via Getty Images Introduction I knew Mobileye Global Inc. ( MBLY ) way before I started investing. Living in Israel, the brand is known to everyone here, as it represents a tiny box we all have in our cars, which measures the distance to the car in front and makes an annoying “beep” if we get too close. At the same time, this company is so much more than that, and I’m sure most pe...
wildpixel/iStock via Getty Images Introduction I knew Mobileye Global Inc. ( MBLY ) way before I started investing. Living in Israel, the brand is known to everyone here, as it represents a tiny box we all have in our cars, which measures the distance to the car in front and makes an annoying “beep” if we get too close. At the same time, this company is so much more than that, and I’m sure most people don’t recognize how many of the automation innovations belong to them. Mobileye was the first to introduce things like automatic emergency braking (AEB), adaptive cruise control (ACC), lane-keeping assist (LKA), traffic jam assist (TJA), and forward collision warning (FCW). I know these are not the top-level innovations anymore, but they are all a part of Mobileye, together with all of the developments that come on top of that. For example, all of these are now part of its EyeQ system-on-chip (SoC), which is its main product used for fully autonomous vehicles. Today, more than 27 major car manufacturers use EyeQ for their assisted-driving tech, and more brands are choosing Mobileye over time. No discussion of robotaxis or autonomous cars ends without someone mentioning Mobileye, and even though the momentum right now is straightforwardly horrible, I have wanted to break down this company for quite some time now, as I am following both the AVs and Robotaxis closely. If I remember correctly, I even promised a couple of times in the comment section that I’ll take a look at this stock, so here we go. The stock is down 28% year-to-date and a staggering 50% over the last year. There are some concerning reasons behind it, from inventory to delayed launches with major car brands and intense competition, and the layoffs they decided to make as a result of weaker revenue. At the same time, the company is at a turning point, and I think a substantial part of the selloff has not much to do with the fundamentals, but just with the market’s overreaction. Data by YCharts In this anal...
NickyLloyd/E+ via Getty Images Shares of Freshpet ( FRPT ) are on the defensive and have retreated by as much as 17% in reaction to news that a competitor is bringing their fresh dog food to Walmart ( WMT ). Beginning in April , pet owners will be able to purchase The Farmer’s Dog fresh dog food at Walmart.com, expanding into a category currently dominated by Blue Buffalo ( GIS ) and Freshpet ( FR...
NickyLloyd/E+ via Getty Images Shares of Freshpet ( FRPT ) are on the defensive and have retreated by as much as 17% in reaction to news that a competitor is bringing their fresh dog food to Walmart ( WMT ). Beginning in April , pet owners will be able to purchase The Farmer’s Dog fresh dog food at Walmart.com, expanding into a category currently dominated by Blue Buffalo ( GIS ) and Freshpet ( FRPT ). While Freshpet ( FRPT ) differs from The Farmer’s Dog—selling refrigerated products versus The Farmer’s Dog’s frozen—and leads the category in total revenue and market share, The Farmer’s Dog is gaining ground and is recognized as the leading direct-to-consumer brand. The rivalry between the two intensified last week when Freshpet ( FRPT ) was accused by The Farmer’s Dog of misrepresenting its dog food as “human grade.” The BBB National Programs’ National Advertising Division (NAD) recommended Freshpet ( FRPT ) discontinue these claims and modify their advertising. Accordingly, Freshpet ( FRPT ) informed NAD that it would change the claim in a commercial, “How does Freshpet make healthy food for dogs? The same way you make healthy food for people” by removing the second sentence. The outcome weighed on shares of Freshpet ( FRPT ), extending a six-day losing streak for the stock. More on Freshpet Freshpet: Growth Dynamics Raising Questions Freshpet, Inc. (FRPT) Q4 2025 Earnings Call Transcript Freshpet, Inc. 2025 Q4 - Results - Earnings Call Presentation Oppenheimer sees Freshpet at an attractive entry point Freshpet to end claims that dog food is 'human grade'
Celsius, Monster Shares Slide As Costco Unveils 70-Cent Kirkland Energy Drink The supplement industry news website Stack3d reports that Costco has expanded its Kirkland Signature brand into energy drinks, a move likely to catch the attention of anyone who consumes these amped-up drinks throughout the day, given the sub-$1-per-can price point. Energy drink stocks are trading lower mid-session on Tu...
Celsius, Monster Shares Slide As Costco Unveils 70-Cent Kirkland Energy Drink The supplement industry news website Stack3d reports that Costco has expanded its Kirkland Signature brand into energy drinks, a move likely to catch the attention of anyone who consumes these amped-up drinks throughout the day, given the sub-$1-per-can price point. Energy drink stocks are trading lower mid-session on Tuesday, though it is unclear whether this is due to Kirkland's entry into the space. " Kirkland Signature Sparkling Energy Drink is now showing up in Costco warehouses in a variety pack of 24 cans, with eight cans each of three different flavors: Tropical, Peach, and Orange," Stack3d wrote in a note on Monday afternoon. Stack3d noted that each of these Kirkland cans includes " some taurine, glucuronolactone, and, of course, caffeine at 200mg, similar to Ghost and Celsius ." A 24-pack of energy drinks retails for $16.99 at Costco. The math works out to about 70 cents per can , a massive savings that will really add up for the daily user who spends roughly $2 to $3, if not more, per can. Based on current prices, Celsius 12-oz. singles are around $2.49 at Target, Alani Nu 12-oz. singles are about $2.57 at Walmart, and Red Bull 12-oz. cans are approximately $2.99 at Target. At Walmart, Celsius 12-packs are listed at $17.98, and at Target, they are $18.59, which works out to roughly $1.50 to $1.55 per can. Red Bull Sugarfree 8.4-oz. 12-packs at Walmart are listed at $19.48, or about $1.62 per can. Costco is unmatched, offering its Kirkland energy drink at just 70 cents per can in bulk. Google Search trends show that searches for Kirkland energy drink began to rise over the weekend. We suspect this trend is early in the cycle and will surge. Around noon in New York, Celsius shares are trading down about 6.5%, while Monster shares are down about 1%. There is no confirmation yet as to whether the pressure on shares is due to the debut of Kirkland energy drinks. Tyler Durden Tue, 03/...
The entire banking sector looks poised to score a major victory after regulators issued a proposal that would lower bank regulatory capital requirements. As a result, major banks, such as JPMorgan Chase (NYSE: JPM) , could see relief, potentially freeing up tens of billions of dollars to lend and increase share repurchases and dividends. Should you buy JPMorgan stock? Bank capital requirements hav...
The entire banking sector looks poised to score a major victory after regulators issued a proposal that would lower bank regulatory capital requirements. As a result, major banks, such as JPMorgan Chase (NYSE: JPM) , could see relief, potentially freeing up tens of billions of dollars to lend and increase share repurchases and dividends. Should you buy JPMorgan stock? Bank capital requirements have been a moving target since just after the Great Recession, when regulators implemented sweeping changes to make sure such a fiasco could never happen again. Continue reading
May NY world sugar #11 (SBK26 ) today is up +0.30 (+1.93%), and May London ICE white sugar #5 (SWK26 ) is up +13.70 (+3.05%). Sugar prices are sharply higher today, with NY sugar posting a 5-month high and London sugar posting a 5.5-month high. Today's +4% rally in crude...
May NY world sugar #11 (SBK26 ) today is up +0.30 (+1.93%), and May London ICE white sugar #5 (SWK26 ) is up +13.70 (+3.05%). Sugar prices are sharply higher today, with NY sugar posting a 5-month high and London sugar posting a 5.5-month high. Today's +4% rally in crude...
One benefit of most of Apple's hardware and software is that it's relatively privacy-focused and light on advertising, compared to something like modern Windows or the Roku operating system. But ads have still crept into various apps and services over time, and Apple confirmed today that its Maps app would begin showing ads to users in the US and Canada starting "this summer." Businesses that want...
One benefit of most of Apple's hardware and software is that it's relatively privacy-focused and light on advertising, compared to something like modern Windows or the Roku operating system. But ads have still crept into various apps and services over time, and Apple confirmed today that its Maps app would begin showing ads to users in the US and Canada starting "this summer." Businesses that want to show ads in Apple Maps will be able to claim their physical location and upload photos, and then pay to have their business displayed at the top of search results "based on relevance" and also in a "Suggested Places" section of the app. Apple displays similar relevance-based advertisements when users search for apps in the App Store. Apple says that users' personal data will still stay on-device and won't be collected by Apple or shared with third parties. The company also says that ads viewed or opened in Maps won't be tied to your Apple account or used to track your physical location. Read full article Comments
I Swear’s Kirk Jones set to direct film based on the 1970s cult animation about a ‘very ordinary man’ who accessed different worlds via a magical fancy dress shop A live-action film based on the cult British kids’ cartoon Mr Benn is to go into production with I Swear director Kirk Jones at the helm. Mr Benn first appeared on TV on the BBC in 1971, in a series created by David McKee, who died in 20...
I Swear’s Kirk Jones set to direct film based on the 1970s cult animation about a ‘very ordinary man’ who accessed different worlds via a magical fancy dress shop A live-action film based on the cult British kids’ cartoon Mr Benn is to go into production with I Swear director Kirk Jones at the helm. Mr Benn first appeared on TV on the BBC in 1971, in a series created by David McKee, who died in 2022 . The series followed the adventures of “a very ordinary man who could do extraordinary things” when he visited a magical fancy dress shop, which acted as a portal to different worlds. Only 13 episodes were made before the series ended in March 1972, though a one-off episode was broadcast in 2005 on the kids’ channel Nick Jr. Continue reading...
Tim Robberts/DigitalVision via Getty Images State Of The REIT Nation In our State of REIT Nation report, we analyze the recently released NAREIT T-Tracker data. Last month, we published our REIT Earnings Recap, which analyzed Q4 results on a company-by-company level, but this report will focus on higher-level macro themes affecting the REIT sector at large. Hoya Capital REITs were rolling out of t...
Tim Robberts/DigitalVision via Getty Images State Of The REIT Nation In our State of REIT Nation report, we analyze the recently released NAREIT T-Tracker data. Last month, we published our REIT Earnings Recap, which analyzed Q4 results on a company-by-company level, but this report will focus on higher-level macro themes affecting the REIT sector at large. Hoya Capital REITs were rolling out of the gates in early 2026, coming back into favor amid a HALO trade theme ("Heavy Assets, Low Obsolescence") after a half-decade of interest rate headwinds and unfavorable narrative. The sharp oil price surge tied to the Iran conflict has complicated the rotation, sending rates soaring, yet REITs have remained surprisingly resilient in recent weeks, maintaining sizable year-to-date outperformance. Thus far in 2026, the Vanguard Real Estate ETF ( VNQ ) has advanced about 1%, outpacing the -4% dip from the S&P 500 ETF ( SPY ). This outperformance has come despite a 20+ basis-point rise in the 10-Year Treasury Yield this year to its highest levels since mid-2025, fueled by the 70% surge in WTI Crude Oil prices. Enabling this outperformance, REIT-rate correlations have eased considerably in recent quarters - a more favorable regime in which performance is increasingly driven by property fundamentals rather than macro forces, following a prolonged period of rate-dominated market behavior. Charting the rolling 12-month correlation between REITs and the 10-Year Treasury bonds, we note that correlations have returned to the long-term averages after the prolonged stretch of elevated REIT-Rate correlations from 2022 to 2025. Hoya Capital An easing of the "Rates Up, REITs Down" paradigm couldn't come a moment too soon. Commercial and residential real estate markets were the most direct transmission mechanism - or "punching bag"—of the Federal Reserve's historically swift monetary tightening cycle, which resulted in the largest increase in the Federal Funds rate in any two-year period sin...