More than £52m in public money earmarked for social housing is at risk after the partial collapse of one of the England’s fastest-growing housing providers. Two of the investment companies run by the Heylo Housing group, which is backed by the asset managers BlackRock, have gone into administration, leaving the government regulator scrambling to find a rescue deal to protect taxpayers’ money and p...
More than £52m in public money earmarked for social housing is at risk after the partial collapse of one of the England’s fastest-growing housing providers. Two of the investment companies run by the Heylo Housing group, which is backed by the asset managers BlackRock, have gone into administration, leaving the government regulator scrambling to find a rescue deal to protect taxpayers’ money and prevent 3,500 social homes switching to the private sector. The saga has exposed serious flaws in a deregulation of housing conducted by the previousgovernment and has raised questions about attracting new investors into social housing, and giving public money to for-profit companies. It has also set an unprecedented challenge for the Regulator of Social Housing (RSH) which oversees the landlords of 2.9m social homes, and risks tarnishing its record of never having lost a single property or any public money to a financial default. One of the companies, or investment pods, in the Heylo group, went into administration owing £46.46m in unsecured credit to Homes England – the government agency that allocates public money for social housing. The other company owes Homes England £6.21m. Homes England has estimated its total grant exposure is nearer £43m. This was granted from 2018 to 2023 in its shared ownership affordable homes programme under which residents could buy a partial share of the homes and pay rent on the remaining share. This grant is typically recycled when it is paid back to provide more social homes, and could help fund about 500 new homes for social rent, but it would be lost if an insufficient bid is made for the stricken companies. The administrators, PWC, have assured about 3,500 residents in more than 100 council areas they will not lose their homes and should continue to pay their mortgage and rent as usual. The regulator is hoping the homes can stay in the social housing sector, if it is able to persuade another regulated landlord to buy the stock, similar ...
Arsenal will reward Mikel Arteta for ending Arsenal’s 22-year wait to be champions by offering him a lucrative new contract that will cement the Spaniard’s status as one of the best-paid managers in the world. The club are also well advanced with plans to strengthen his squad. Talks over extending Arteta’s deal beyond next summer were put on hold while Arsenal battled it out with Manchester City i...
Arsenal will reward Mikel Arteta for ending Arsenal’s 22-year wait to be champions by offering him a lucrative new contract that will cement the Spaniard’s status as one of the best-paid managers in the world. The club are also well advanced with plans to strengthen his squad. Talks over extending Arteta’s deal beyond next summer were put on hold while Arsenal battled it out with Manchester City in the Premier League, although insiders insist there was an expectation he would have stayed even if the season had ended without a trophy. The 44-year-old has become the second-youngest manager to win the Premier League, after José Mourinho with Chelsea in 2004, and matched Kenny Dalglish’s achievement with Liverpool in 1990 in making a team top-flight champions his first senior management job. Arteta has transformed Arsenal since he was appointed in December 2019 and it is understood his new deal is likely to reflect his achievements. His contract is believed to be worth about £10m a season plus a £5m bonus for reaching the Champions League but Arteta will be offered a large salary increase that some sources have predicted could come close to matching the Atlético Madrid head coach Diego Simeone’s wage. Simeone is thought to be the world’s best-paid manager, earning a reported €30m (£26m) a year. Pep Guardiola is paid a reported £20m a year by Manchester City. Arteta will become the longest-serving manager in England’s top four divisions when Guardiola steps down after Sunday’s final Premier League game. Arteta, the eighth manager to lead Arsenal to the title and first since Arsène Wenger in 2004, will resume talks after next Saturday’s Champions League final against Paris Saint-Germain. Arteta has been heavily involved in recruitment plans with the sporting director, Andrea Berta. The co-chairs, Stan and Josh Kroenke, promised in their programme for Monday’s win over Burnley that “there will be no standing still when the season ends”. It is understood there is unlikely t...
Dilok Klaisataporn/iStock via Getty Images Yesterday, stocks fell for the third day in a row. With the earnings season largely concluding after Nvidia’s earnings report this afternoon, investors are starting to focus on the daunting economic data in front us. As war-induced inflationary pressures continue to build steam with oil prices well above $100, investors have started to sell long-term bond...
Dilok Klaisataporn/iStock via Getty Images Yesterday, stocks fell for the third day in a row. With the earnings season largely concluding after Nvidia’s earnings report this afternoon, investors are starting to focus on the daunting economic data in front us. As war-induced inflationary pressures continue to build steam with oil prices well above $100, investors have started to sell long-term bonds, driving yields higher across the curve. This is pressuring the most expensive growth stocks whose valuations are dictated in part by long-term interest rates. Rates are likely to continue rising in coming weeks, as next month’s inflation reports for May are even more discouraging than the ones reported last week for April. Finviz This has many investors convinced the next move by the Federal Reserve will be a rate hike after Chairman Warsh takes over on Friday. It has also elevated the yield on the 30-year Treasury to its highest level in almost 20 years with additional help from a soaring federal budget deficit and a surge in new supplies later this summer to exceed $670 billion. The deficit is expected to swell to $2 trillion in 2027. Yet I don’t see the Fed raising short-term interest rates as many fear. The remedy to the rise in long-term interest rates is the current rise in long-term interest rates. Bloomberg While futures traders are selling large blocks of 10-year Treasuries in anticipation of even higher yields in the near term, which will put more downward pressure on prices and support the uptrend in yields, the increase in borrowing costs for consumers and corporations that results does the Fed’s job for it. It will slow demand for goods and services and weigh on the rate of economic growth and inflation once the war in Iran ends. This is why 30-day Fed Funds futures do not forecast a rate hike this year. Instead, a rate cut is expected but not until March of next year. That makes more sense to me. CME This is also why I see good value in long-term Treasuries...
laddawan punna/iStock via Getty Images Portfolio Manager Rezo Kanovich Investing Environment Global equities finished broadly negative in Q1 amid the US-Israel conflict with Iran. Equity returns in March were markedly different from those during the first two months of 2026. Disrupted oil flow through the Strait of Hormuz prompted higher volatility, raised supply chain concerns and increased infla...
laddawan punna/iStock via Getty Images Portfolio Manager Rezo Kanovich Investing Environment Global equities finished broadly negative in Q1 amid the US-Israel conflict with Iran. Equity returns in March were markedly different from those during the first two months of 2026. Disrupted oil flow through the Strait of Hormuz prompted higher volatility, raised supply chain concerns and increased inflation expectations. Markets remain in flux, oscillating between risk-on and risk-off depending on the headlines. We have lived through a variety of wild swings in short-term sentiment, particularly in recent years. As a current example, assets the market viewed as safe havens, such as gold and the so-called “banks and tanks” trade, rallied in 2025 and in the first two months of this year, only to fail to protect the downside during March’s increased geopolitical and macroeconomic tumult. In this environment, we are focused on finding price dislocations from sharp variations in market sentiment and identifying structural long-term changes, such as what we are seeing in the energy space. Top-down market narratives typically do not last, and valuations built on price momentum can reverse quickly. Our focus is steadfast toward business quality and idiosyncratic growth drivers (e.g., competitive positioning, R&D progress, embedded optionality and management quality), and we gauge valuation opportunities based on through-cycle, normalized earnings and structural profitability. We seek to build portfolio resilience through a diverse set of durable businesses and to create an overall return profile that is less correlated to broad markets. Being contrarian and opportunistic on the margin has enabled us to exploit periods of market short-termism. Undoubtedly, oil price volatility and the accompanying inflationary pressures are a prominent current topic for the market, as well as for us. Throughout our careers, we have experienced significant bouts of energy volatility, including when...
Applied Digital is solidifying its position as a dedicated AI hosting and high-performance computing infrastructure provider, poised to capture sustained value as hyperscale compute capacity buildout accelerates further. Its business model is anchored in long-term lease agreements with some of the most creditworthy technology platforms in the world, creating a visible and recurring revenue foundat...
Applied Digital is solidifying its position as a dedicated AI hosting and high-performance computing infrastructure provider, poised to capture sustained value as hyperscale compute capacity buildout accelerates further. Its business model is anchored in long-term lease agreements with some of the most creditworthy technology platforms in the world, creating a visible and recurring revenue foundation expected to strengthen progressively as additional facilities transition from construction to operation. APLD's competitive differentiation is rooted in its early commitment to large-scale, liquid-cooled, high-power-density data center design, a configuration recognized as essential for next-generation GPU-intensive AI workloads. This early mover advantage is expected to continue attracting hyperscaler commitments as the supply of qualified, grid-powered AI data center capacity remains structurally constrained globally. The long-term revenue pipeline is well-positioned to expand further, with $16 billion in contracted lease revenues secured over terms spanning 15 to 30 years, and the company actively marketing four development sites representing approximately one gigawatt of combined grid power capacity. Customer diversification is expected to deepen as an investment-grade hyperscaler continues to build alongside CoreWeave in the tenant base. However, the majority of these sites remain in varying stages of development or advanced negotiation, with Polaris Forge 1 and Polaris Forge 2 still ramping, Delta Forge 1 targeting initial operations in mid-2027 and two additional unnamed sites in early pipeline stages. Executing across multiple large-scale campuses simultaneously, each dependent on utility approvals, substation construction timelines and power availability, is likely to remain a meaningful execution and timing risk that could weigh against the long-term revenue visibility the lease portfolio offers. The Zacks Consensus Estimate for APLD’s fiscal 2027 EPS is pegge...
Applied Digital is solidifying its position as a dedicated AI hosting and high-performance computing infrastructure provider, poised to capture sustained value as hyperscale compute capacity buildout accelerates further. Its business model is anchored in long-term lease agreements with some of the most creditworthy technology platforms in the world, creating a visible and recurring revenue foundat...
Applied Digital is solidifying its position as a dedicated AI hosting and high-performance computing infrastructure provider, poised to capture sustained value as hyperscale compute capacity buildout accelerates further. Its business model is anchored in long-term lease agreements with some of the most creditworthy technology platforms in the world, creating a visible and recurring revenue foundation expected to strengthen progressively as additional facilities transition from construction to operation. APLD's competitive differentiation is rooted in its early commitment to large-scale, liquid-cooled, high-power-density data center design, a configuration recognized as essential for next-generation GPU-intensive AI workloads. This early mover advantage is expected to continue attracting hyperscaler commitments as the supply of qualified, grid-powered AI data center capacity remains structurally constrained globally. The long-term revenue pipeline is well-positioned to expand further, with $16 billion in contracted lease revenues secured over terms spanning 15 to 30 years, and the company actively marketing four development sites representing approximately one gigawatt of combined grid power capacity. Customer diversification is expected to deepen as an investment-grade hyperscaler continues to build alongside CoreWeave in the tenant base. However, the majority of these sites remain in varying stages of development or advanced negotiation, with Polaris Forge 1 and Polaris Forge 2 still ramping, Delta Forge 1 targeting initial operations in mid-2027 and two additional unnamed sites in early pipeline stages. Executing across multiple large-scale campuses simultaneously, each dependent on utility approvals, substation construction timelines and power availability, is likely to remain a meaningful execution and timing risk that could weigh against the long-term revenue visibility the lease portfolio offers. The Zacks Consensus Estimate for APLD’s fiscal 2027 EPS is pegge...
Channel 4’s chief executive has stood by the broadcaster’s treatment of concerns raised by contestants on Married At First Sight, as she said she was “deeply sorry” for the distress of female participants making allegations of rape and sexual misconduct. Priya Dogra said she believed the channel had acted appropriately at the time of the allegations, but had commissioned an external review to ensu...
Channel 4’s chief executive has stood by the broadcaster’s treatment of concerns raised by contestants on Married At First Sight, as she said she was “deeply sorry” for the distress of female participants making allegations of rape and sexual misconduct. Priya Dogra said she believed the channel had acted appropriately at the time of the allegations, but had commissioned an external review to ensure the show was safe for those taking part. She spoke as a committee of MPs demanded answers from the broadcaster and Ofcom, the media regulator, over what they described as the “horrifying allegations” made about the hit show. An edition of the BBC’s Panorama aired allegations by two women that they were raped by their on-screen husbands on First Sight (MAFS) UK. They have not been named. A third woman, who agreed to be identified, Shona Manderson, accused her on-screen husband of taking things too far during sex. All the men deny the claims. The BBC has since been contacted by a number of former MAFS UK cast members raising concerns, according to its culture and media editor, Katie Razzall. The Metropolitan police also reiterated its appeal to anyone with historic allegations of abuse during the show to come forward. They are already in touch with Channel 4 and CPL, the independent production company that makes the show for the broadcaster. “We are ready to listen to them,” said assistant commissioner, Matt Twist. “We are ready to investigate.” The show features single people being matched by experts and then “marrying”, with the couples meeting for the first time on their wedding day. Speaking at Channel 4’s annual report, Dogra said that while she believed the broadcaster had acted appropriately, she had ordered external reviews to take a “second look”, given she only took up her role in March. “I have watched the programme and heard the women’s accounts, which are very troubling,” she said. “Their distress is clear, and for that I am, of course, deeply sorry. “Welfare ...
鞋类品牌集团Caleres周二宣布，任命Dan Karpel为高级副总裁兼首席财务官，即刻生效。Karpel自2026年1月起担任临时CFO，此次转正标志着公司财务领导层的稳定。 30年财务老兵回归 Karpel拥有30年会计与财务领导经验。他于2025年10月重新加入Caleres担任首席会计官，今年1月被任命为临时CFO。此前他曾担任Club Car Wash Opera ting， LLC及...
KanawatTH Tenable ( TENB ) shares rose 5% in premarket trading on Wednesday as the cybersecurity firm partnered with Anthropic ( ANTHRO ) to boost its artificial intelligence capabilities. As part of the deal, there will be new Claude-powered workflows in Tenable Hexa AI, Tenable said. Additionally, Anthropic will also participate in Tenable's conference this week in Boston to talk about how front...
KanawatTH Tenable ( TENB ) shares rose 5% in premarket trading on Wednesday as the cybersecurity firm partnered with Anthropic ( ANTHRO ) to boost its artificial intelligence capabilities. As part of the deal, there will be new Claude-powered workflows in Tenable Hexa AI, Tenable said. Additionally, Anthropic will also participate in Tenable's conference this week in Boston to talk about how frontier AI is reshaping both cyber risk and defense. Tenable will also use Claude for real-world cybersecurity operations, the company added. “The volume of exposures is increasing, the time between discovery and exploit is shrinking, and security teams need a fundamentally different approach. That's why Tenable has developed a deep working relationship with Anthropic,” said Mark Thurmond, co-CEO of Tenable, in a statement . “With Claude-fueled innovations we are accelerating R&D and our exposure management roadmap, while rapidly advancing solutions like Tenable Hexa AI so customers can strengthen their preemptive security programs, powered by agentic workflows.” Separately, on Wednesday, Tenable said that its Tenable Hexa AI platform would be generally available. More on Tenable Holdings and Anthropic Tenable Holdings, Inc. (TENB) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript Tenable Holdings: I Think The Market Went Too Far (Rating Upgrade) Tenable Holdings, Inc.: AI Fears Are Overdone, But Growth Is Slowing Bristol-Myers taps Anthropic's Claude for 30,000 workers Regulators delay cyber tests for banks to give time to strengthen systems against AI threat - report
Micron Technology (MU +2.24%) has become one of the quickest rising stocks in the market. Last year at this time, it was trading for under $100 per share. Now, it's well over $700. The question for investors today is, can that rise continue, and what is a reasonable price target for the end of 2027? Let's take a look at where Micron could be headed, as it could be a no-brainer buy now. Memory chip...
Micron Technology (MU +2.24%) has become one of the quickest rising stocks in the market. Last year at this time, it was trading for under $100 per share. Now, it's well over $700. The question for investors today is, can that rise continue, and what is a reasonable price target for the end of 2027? Let's take a look at where Micron could be headed, as it could be a no-brainer buy now. Memory chips are in short supply Micron is one of just a few makers of memory chips, which are utilized in nearly every computational device. This industry is notoriously cyclical, and there isn't much that sets one manufacturer's products apart from another. As a result, memory chips are basically a commodity, and the primary thing that moves their prices is the law of supply and demand. Right now, nearly all of the available supply -- including all the chips that will be made in the near future -- has been sold, and demand is at an all-time high. Micron told investors during its last conference call that it only has enough production capacity to meet half to two-thirds of medium-term demand. That's a major issue, and Micron's peers are experiencing similar conditions. Expand NASDAQ : MU Micron Technology Today's Change ( 2.24 %) $ 15.25 Current Price $ 696.79 Key Data Points Market Cap $788B Day's Range $ 652.22 - $ 725.91 52wk Range $ 90.93 - $ 818.67 Volume 52K Avg Vol 45M Gross Margin 58.54 % Dividend Yield 0.07 % Micron is racing to get more production capacity available, and expects that its Idaho fabrication facility will be up and running by this time next year. It also has plans for more production facilities around the globe. Its peers are also building new fabs to take advantage of high demand, and that will help reduce the supply crunch, unless demand growth outpaces it. That's a real possibility, at least for a while: Micron predicts that the total addressable market for high-bandwidth memory (HBM) will rise from $35 billion in 2025 to $100 billion by 2028. So, even if p...
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Iran Warns Will Take War 'Beyond The Region' If Trump Restarts Attacks Ali Vaez, director of the Iran Project at the International Crisis Group, has summed up where things stand: "Since the ceasefire came into effect, both Washington and Tehran appear to be operating under the illusion that time is on their side," he said . "Each seems to believe that the blockade and counter-blockade in the Strai...
Iran Warns Will Take War 'Beyond The Region' If Trump Restarts Attacks Ali Vaez, director of the Iran Project at the International Crisis Group, has summed up where things stand: "Since the ceasefire came into effect, both Washington and Tehran appear to be operating under the illusion that time is on their side," he said . "Each seems to believe that the blockade and counter-blockade in the Strait of Hormuz impose greater costs on the other , while offering a breathing space to regroup for a possible resumption of hostilities ," Vaez told Al Jazeera. On Wednesday Iran's Revolutionary Guards issued a fresh warning amid this ongoing standoff, warning that the Middle East war will extend beyond the region if the United States and Israel resume their attacks. via Shutterstock "If the aggression against Iran is repeated, the promised regional war will this time spread far beyond the region , and our devastating blows will crush you," the IRGC say in the statement published to their website Sepah News. The warring sides are no closer to getting back to the negotiating table, after President Trump has given just a few 'days' to comply on the nuclear issue, which so far Tehran has not budged on. But in the meantime Iran still sees American guarantees as "insufficient" regarding a renewed war, Al Arabiya reports Wednesday. The Supreme Leader, who is still in hiding and believed to be recovering from serious injuries that resulted from prior airstrikes, has issued a fresh written message to the public : Mojtaba Khamenei has commemorated the second anniversary of the death of former President Ebrahim Raisi in a helicopter crash, saying the country is putting up a “unique historical resistance against two global terrorist armies” in Israel and the US, the Fars News Agency reports. In another written statement, Khamenei said the war was making the burden on officials “heavier than before” , adding that he was grateful for the “unity of the nation”. In the Strait of Hormuz, ther...
Jeff Bezos speaks with CNBC's Squawk Box from Merrit Island, Florida on May 20th, 2026. CNBC Amazon founder Jeff Bezos says datacenters in are a "very realistic" outcome but could take longer than expected to materialize. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Jeff Bezos speaks with CNBC's Squawk Box from Merrit Island, Florida on May 20th, 2026. CNBC Amazon founder Jeff Bezos says datacenters in are a "very realistic" outcome but could take longer than expected to materialize. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.