StockByM/iStock via Getty Images Moody's revised its outlook on New York City's rating to negative from stable while it affirmed the city's investment-grade issuer rating, the firm said on Wednesday. The negative outlook "reflects the emergence of sizable and persistent projected budget gaps that signal underlying structural imbalance and reduced financial flexibility, despite New York City's stil...
StockByM/iStock via Getty Images Moody's revised its outlook on New York City's rating to negative from stable while it affirmed the city's investment-grade issuer rating, the firm said on Wednesday. The negative outlook "reflects the emergence of sizable and persistent projected budget gaps that signal underlying structural imbalance and reduced financial flexibility, despite New York City's still favorable economic conditions," the ratings company said . Ratings were affirmed on the city's following debt classes: Aa2 ratings on the city's general obligation bonds; Aa1 ratings on future tax secured bonds issued through the New York City Transitional Finance Authority (TFA); Aa2 ratings on revenue bonds issued through the Hudson Yards Infrastructure Corporation; Aa3 underlying and enhanced ratings on appropriation-backed bonds issued through: the Dormitory Authority of the State of New York; the New York City Health and Hospitals Corporation; the New York City Educational Construction Fund; and the New York City Industrial Development Agency; and VMIG 1 ratings assigned to variable rate demand general obligation and TFA bonds with conditional liquidity support. Relevant ticker: iShares New York Muni Bond ETF ( NYF ). Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here t o join the separate political discussion. More on iShares New York Muni Bond ETF Judge: Trump administration's move to end NYC congestion toll was unlawful NYC congestion pricing shows measurable traffic, safety gains Seeking Alpha’s Quant Rating on iShares New York Muni Bond ETF Dividend scorecard for iShares New York Muni Bond ETF
narvo vexar/iStock via Getty Images LifeMD, Inc.'s ( LFMD ) sustained dip for much of the past year has opened up a bullish entry point for prospective investors, with the company now swapping hands at its lowest multiple to trailing twelve months sales ("TTM"). TTM stood at $194.1 million as of the end of LFMD's recent fourth quarter, placing this multiple at around 0.796x. The trendline for this...
narvo vexar/iStock via Getty Images LifeMD, Inc.'s ( LFMD ) sustained dip for much of the past year has opened up a bullish entry point for prospective investors, with the company now swapping hands at its lowest multiple to trailing twelve months sales ("TTM"). TTM stood at $194.1 million as of the end of LFMD's recent fourth quarter, placing this multiple at around 0.796x. The trendline for this is dramatic, highlighting a security that has quickly fallen out of favor. LFMD would have to move up roughly 32% for this to return to a rough 3-year average just north of 1x. Albeit, this average has been skewed by periods of euphoria that saw the company surge to extreme highs. If LFMD is able to maintain positive cadence with both revenue and adjusted EBITDA, I believe the market will be forced to revalue the common shares higher. This forms the bull case, with risk coalescing around what has been a slowdown in growth and a liquidity position that has continued to dip. I last rated LFMD as a Hold, with my conviction shifting to a Buy. YCharts YCharts The fourth quarter saw the firm generate revenue of $46.9 million , up 3.9% over its year-ago comp and a beat by $1.29 million on consensus estimates. Growth has admittedly inverted from a peak of $64.3 million in the fourth quarter of 2024, but you'd have to adjust the prior figures for WorkSimpli revenue. This segment was sold in November last year and contributed around 26% of 2024 revenues. Hence, LFMD's comp would have been much more favorable. Bears would be right to highlight that growth for telehealth has still plateaued, with gross profit margins just under 90% following the divestment of WorkSimpli. Gross profit was $40.8 million during the fourth quarter, which meant an 87.14% margin. The move to sell WorkSimpli made sense from a broader strategic perspective, as it created a pure-play healthcare company focused on the expansion of its virtual care and pharmacy offerings. The uncertainty now for bulls is revenue...
Evercore says internet stocks including Amazon.com, Meta Platforms, and Uber Technologies have fallen too far as investors worry about AI disruption and geopolitical risks.
Evercore says internet stocks including Amazon.com, Meta Platforms, and Uber Technologies have fallen too far as investors worry about AI disruption and geopolitical risks.
Key Points Orion Resource Partners sold 167,225 shares of Hudbay Minerals in the fourth quarter. The quarter-end position value decreased by $2.53 million as a result. The move marked a full exit from Hudbay Minerals; the position previously accounted for 0.92% of the fund’s AUM. 10 stocks we like better than Hudbay Minerals › On February 17, 2026, Orion Resource Partners disclosed in a U.S. Secur...
Key Points Orion Resource Partners sold 167,225 shares of Hudbay Minerals in the fourth quarter. The quarter-end position value decreased by $2.53 million as a result. The move marked a full exit from Hudbay Minerals; the position previously accounted for 0.92% of the fund’s AUM. 10 stocks we like better than Hudbay Minerals › On February 17, 2026, Orion Resource Partners disclosed in a U.S. Securities and Exchange Commission (SEC) filing that it sold out its position in Hudbay Minerals (NYSE:HBM), with an estimated transaction value of $2.53 million based on previously disclosed position values. What happened According to an SEC filing dated February 17, 2026, Orion Resource Partners LP sold its entire holding of 167,225 shares in Hudbay Minerals. The shares had been worth $2.53 million as of the end of the previous quarter. The fund’s quarter-end position in Hudbay Minerals is now zero as a result, with the net position value change reflecting the same amount. What else to know Top holdings after the filing: NYSE: SKE: $65.93 million (32.4% of AUM) NYSEMKT: SLSR: $40.07 million (19.7% of AUM) NYSEMKT: DC: $29.43 million (14.5% of AUM) NYSEMKT: IAUX: $25.57 million (12.6% of AUM) NASDAQ: MEOH: $5.01 million (2.5% of AUM) As of February 17, 2026, shares of Hudbay Minerals were priced at $25.19, up some 200% over the past year and far surpassing the S&P 500’s roughly 20% gain in the same period. Company overview Metric Value Price (as of market close 2026-02-17) $25.19 Market capitalization $9.98 billion Revenue (TTM) $2.2 billion Net income (TTM) $568.5 million Company snapshot Hudbay Minerals produces copper concentrates, gold, silver, molybdenum, and zinc metals from operations in North and South America. The firm operates a vertically integrated mining model, generating revenue primarily from the sale of base and precious metals extracted from owned mines and processing facilities. It serves global commodity buyers, industrial manufacturers, and metal traders see...
Pentagon probe points to U.S. missile hitting Iranian school toggle caption Ali Najafii/ISNA/AFP via Getty Images The U.S. has launched a formal investigation into a missile strike on an Iranian girls' school that killed at least 165 civilians, after a preliminary assessment determined the U.S. was at fault, according to a U.S. official who was not authorized to speak publicly. The investigation i...
Pentagon probe points to U.S. missile hitting Iranian school toggle caption Ali Najafii/ISNA/AFP via Getty Images The U.S. has launched a formal investigation into a missile strike on an Iranian girls' school that killed at least 165 civilians, after a preliminary assessment determined the U.S. was at fault, according to a U.S. official who was not authorized to speak publicly. The investigation is expected to take months and will include interviews with all those involved, from planners and commanders to those who carried out the strike. If the U.S. role in the attack is confirmed, it would rank among the military's most deadly incidents involving civilians in decades. Congress created a special Pentagon office to prevent the accidental targeting of civilians but it was dramatically scaled back by Secretary of Defense Pete Hegseth soon after he took office last year. Sponsor Message Loading... NPR was the first news organization to report that the strike on the school appeared to be part of an attack involving precision weapons. Subsequent video of the strike released by Iranian state media gave visual indications that Tomahawk missiles struck a compound that included the school. Iranian state media also released pictures of Tomahawk missile components on a table in front of the school NPR previously reported that the girls' school was once part of what had been an Iranian Revolutionary Guard naval base and may have been shown on outdated U.S. target lists as a military building. The school was walled off from the base sometime between 2013 and 2016, according to historical satellite imagery reviewed by NPR. A public health clinic on the base was also struck. Satellite images show that clinic was walled off from the base around 2024, and opened in 2025 according to local media reports. Iranian Revolutionary Guard commander-in-chief Hossein Salami cut the ribbon for the clinic's opening. He was assassinated by Israel later that year. At a press conference this week,...
Melcor Developments press release ( MODVF ): Q4 FFO of $1.64 Revenue of $187.12M. Net income was down 2.3% to $31.65 million (Q4-2024: $32.38 million) Funds from operations (FFO) was up 12.4% to $48.82 million (Q4-2024: $43.44 million) Basic earnings per share was down 1.9% to $1.05 per share (Q4-2024: $1.07 per share) Year-to-date: Revenue was up 17.5% to $410.55 million (2024: $349.50 million) N...
Melcor Developments press release ( MODVF ): Q4 FFO of $1.64 Revenue of $187.12M. Net income was down 2.3% to $31.65 million (Q4-2024: $32.38 million) Funds from operations (FFO) was up 12.4% to $48.82 million (Q4-2024: $43.44 million) Basic earnings per share was down 1.9% to $1.05 per share (Q4-2024: $1.07 per share) Year-to-date: Revenue was up 17.5% to $410.55 million (2024: $349.50 million) Net income was up 73.0% to $58.02 million (2024: $33.53 million) Funds from operations (FFO) was up 30.2% to $122.14 million (2024: $93.81 million) Basic earnings per share was up 74.5% to $1.92 per share (2024: $1.10 per share) More on Melcor Developments Dividend scorecard for Melcor Developments Financial information for Melcor Developments
Key Points John Sensing sold 30,110 shares for a total consideration of approximately $6.64 million, based on a weighted average price of $220.36 per share on Feb. 19, 2026. This transaction represented 38.02% of Sensing's direct holdings, reducing his directly held shares from approximately 79,000 to 49,081. All shares were held and sold directly; no indirect holdings or transactions through trus...
Key Points John Sensing sold 30,110 shares for a total consideration of approximately $6.64 million, based on a weighted average price of $220.36 per share on Feb. 19, 2026. This transaction represented 38.02% of Sensing's direct holdings, reducing his directly held shares from approximately 79,000 to 49,081. All shares were held and sold directly; no indirect holdings or transactions through trusts or other entities were involved. The sale was executed in conjunction with the exercise of 12,110 options, with all proceeds realized through open-market sales and direct ownership; remaining direct holdings are valued at approximately $10.76 million as of the market close on Feb. 19, 2026. 10 stocks we like better than Ryder System › John S. Sensing, President of Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS), reported the sale of 30,110 shares of Ryder System (NYSE:R) common stock in an open-market transaction on Feb. 19, 2026, according to a SEC Form 4 filing. Transaction summary Metric Value Shares sold (direct) 30,110 Transaction value $6.6 million Post-transaction shares (direct) 49,081 Post-transaction value (direct ownership) ~$10.76 million Transaction value based on SEC Form 4 weighted average purchase price ($220.36); post-transaction value based on Feb. 19, 2026 market close ($220.36). Key questions What was the structure and context of this transaction? This was a derivative-related event: Sensing exercised 12,110 options and sold a total of 30,110 shares directly in the open market, with no indirect or trust-based participation involved. This was a derivative-related event: Sensing exercised 12,110 options and sold a total of 30,110 shares directly in the open market, with no indirect or trust-based participation involved. How does this trade size compare to Sensing's own past activity? The 30,110 shares sold on Feb. 19, 2026, represents a higher proportion of Sensing's direct pre-transaction holdings (38.02%) than the 32.11% sold...
Mario Tama/Getty Images News Citigroup ( C ) ( CITI:CA ) and Standard Chartered ( SCBFF ) ( SCBFY ) have started evacuating their Dubai offices amid the Iran conflict, while HSBC Holdings ( HSBC ) ( HBCYF ) has closed its Qatar branches, Reuters reported . A spokesperson for Tehran's Khatam al-Anbiya military command headquarters had reportedly said that Iran will target economic and banking inte...
Mario Tama/Getty Images News Citigroup ( C ) ( CITI:CA ) and Standard Chartered ( SCBFF ) ( SCBFY ) have started evacuating their Dubai offices amid the Iran conflict, while HSBC Holdings ( HSBC ) ( HBCYF ) has closed its Qatar branches, Reuters reported . A spokesperson for Tehran's Khatam al-Anbiya military command headquarters had reportedly said that Iran will target economic and banking interests linked to the U.S. and Israel after an attack on an Iranian bank. Citi has told its staff in the Dubai International Financial Centre and Dubai's Oud Metha neighbourhood to work from home until further notice, according to a memo sent to employees and seen by Reuters. HSBC has closed all branches in Qatar until further notice to ensure the safety of staff and customers, a customer notice reportedly showed. StanChart makes nearly 6% of its overall income in the UAE, the Wednesday, March 11, report noted, citing company filings. Goldman Sachs ( GS ) employees across the region are working from home, a person with knowledge of the matter told the newswire. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on related tickers Standard Chartered PLC (SCBFY) Q4 2025 Earnings Call Transcript HSBC Remains A 'Hold' Following Its 2025 Earnings Citi expects mid-teens growth in Q1 investment banking fees, shares up Goldman Sachs' new product lets hedge funds take short/long bets on corporate loans - report
Micron Technology (MU) stock is at an interesting point right now. It has strong momentum, and if you bet on it, you are betting on a company with strong margin, good cash flow, low-debt capital structure, and good tailwinds. But is that enough? Why Bet On MU Now? Micron is capitalizing on a structural, AI-driven demand surge for High-Bandwidth Memory (HBM), which is creating a severe supply-deman...
Micron Technology (MU) stock is at an interesting point right now. It has strong momentum, and if you bet on it, you are betting on a company with strong margin, good cash flow, low-debt capital structure, and good tailwinds. But is that enough? Why Bet On MU Now? Micron is capitalizing on a structural, AI-driven demand surge for High-Bandwidth Memory (HBM), which is creating a severe supply-demand imbalance across the memory industry. This allows for a significant positive mix shift towards higher-margin HBM products and grants the company substantial pricing power, leading to rapid revenue acceleration and margin expansion. The High-Bandwidth Memory (HBM) TAM is projected to grow at a ~40% CAGR, reaching $100 billion by 2028. Micron’s entire 2026 HBM supply is sold out under contract with set pricing, providing high revenue visibility. Company guidance for Q2 2026 includes a gross margin forecast of ~68%, representing significant expansion. DRAM prices rose approximately 20% in the last reported quarter alone, indicating a strong pricing environment. How Do The Fundamentals Look? Long-Term Profitability : About 33.9% operating cash flow margin and 3.1% operating margin last 3-year average. : About 33.9% operating cash flow margin and 3.1% operating margin last 3-year average. Strong Momentum : Currently in the top 10th percentile of stocks in terms of “trend strength” – our proprietary momentum metric. : Currently in the top 10th percentile of stocks in terms of “trend strength” – our proprietary momentum metric. Revenue Growth : Micron Technology saw revenue growth of 45.4% LTM and 28.3% last 3-year average, but this is not a growth story : Micron Technology saw revenue growth of 45.4% LTM and 28.3% last 3-year average, but this is not a growth story Room To Run: Despite its momentum, MU stock is trading 7.9% below its 52-week high. Below is a quick comparison of MU fundamentals with S&P medians. MU S&P Median Sector Information Technology – Industry Semiconducto...
Key Points Ciena is poised to deliver triple-digit earnings growth in the current fiscal year. The company's growing backlog suggests that the stock could continue rising after a solid start to the year. 10 stocks we like better than Ciena › Nvidia has had a tough time on the stock market so far in 2026, with its shares trading roughly flat as of this writing. What's surprising is that investor se...
Key Points Ciena is poised to deliver triple-digit earnings growth in the current fiscal year. The company's growing backlog suggests that the stock could continue rising after a solid start to the year. 10 stocks we like better than Ciena › Nvidia has had a tough time on the stock market so far in 2026, with its shares trading roughly flat as of this writing. What's surprising is that investor sentiment around the stock has been negative even though it recently reported terrific results in its latest quarter. Nvidia's position as the world's largest company, along with the growing competition from other chipmakers such as Broadcom, and persistent concerns about an AI bubble, are the probable reasons behind its poor stock market performance this year. However, the same cannot be said of Ciena (NYSE: CIEN), a networking company that has outperformed Nvidia stock impressively so far in 2026. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Let's see why that has been the case and whether Ciena can deliver more upside for investors. AI-powered networking demand has been a boon for Ciena The latest news surrounding Ciena stock isn't very positive. It lost nearly 13% of its value after releasing its fiscal 2026 first-quarter results (for the quarter ended Jan. 31, 2026) on March 5. It's worth noting that Ciena stock is up by 20% this year despite the sharp pullback. More importantly, the latest pullback is an opportunity for savvy investors to buy a top growth stock. That's because Ciena's business is growing at a red-hot pace, primarily driven by the booming demand for its optical networking components that enable fast data transmission in AI data centers. The company's fiscal Q1 revenue rose 33% year over year to $1.43 billion. Its earnings growth was even more impressive, as its bottom line jumped by...
Eric Tokat, co-president of investment banking at Centerview Partners, and Krishna Veeraraghavan, global co-head of M&A at Paul Weiss, joins Dani Burger and Michelle Davis on "Bloomberg Deals." They discuss the best way to approach and invest in the pharma sector. (Source: Bloomberg)
Eric Tokat, co-president of investment banking at Centerview Partners, and Krishna Veeraraghavan, global co-head of M&A at Paul Weiss, joins Dani Burger and Michelle Davis on "Bloomberg Deals." They discuss the best way to approach and invest in the pharma sector. (Source: Bloomberg)
April WTI crude oil (CLJ26) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to $119.48 on Monday after Israel, on Saturday, bombed 30 Iranian oil depots. However, oil prices then fell sharply on Mo...
April WTI crude oil (CLJ26) is up +4.62 (+5.54%), and April RBOB gasoline (RBJ26) is up +0.14379 (+5.60%). April WTI crude oil on Monday spiked up to a 3.75-year nearest-futures high of $119.48 but has since fallen back to the $87-per-barrel area. Crude oil prices spiked higher to $119.48 on Monday after Israel, on Saturday, bombed 30 Iranian oil depots. However, oil prices then fell sharply on Monday afternoon and into Tuesday after President Trump insisted the Iran war would be over soon, and as plans emerged to release emergency oil stockpiles. Don’t Miss a Day: In fact, IEA members today agreed to release 400 million barrels from strategic oil reserves. French President Macron said the details of the release will be worked out in the coming days. However, oil prices are higher today as the Iran war drags on, with three vessels hit by missiles today in the Strait of Hormuz and the Persian Gulf, and new missile volleys hitting Israel. The Strait of Hormuz remains essentially closed, and Persian Gulf oil producers have been forced to cut production by roughly 6% as local storage facilities reach capacity. President Trump has said the US military has a plan to escort ships through the Strait of Hormuz, but that plan has yet to materialize. The Strait of Hormuz normally handles a fifth of the world’s oil. In a bearish factor for crude, OPEC+ on March 1 said it will boost its crude output by 206,000 bpd in April, above estimates of 137,000 bpd, although that production hike now seems unlikely given that Middle East producers are being forced to cut production due to the Middle East war. OPEC+ is trying to restore all of the 2.2 million bpd production cut it made in early 2024, but still has nearly another 1.0 million bpd left to restore. OPEC’s January crude production fell by -230,000 bpd to a 5-month low of 28.83 million bpd. Mounting crude supplies in floating storage are a bearish factor for oil prices. According to Vortexa data, about 290 million bbl of Russian a...
Moody’s Ratings lowered its outlook on New York City to negative, citing “sizable and persistent” expected budget gaps. The ratings company affirmed its Aa2 rating on the city, the third-highest level of investment-grade. Moody’s said the change came after the city’s spending expectations showed larger budget shortfalls than previously forecast. “The negative outlook reflects the emergence of siza...
Moody’s Ratings lowered its outlook on New York City to negative, citing “sizable and persistent” expected budget gaps. The ratings company affirmed its Aa2 rating on the city, the third-highest level of investment-grade. Moody’s said the change came after the city’s spending expectations showed larger budget shortfalls than previously forecast. “The negative outlook reflects the emergence of sizable and persistent projected budget gaps that signal underlying structural imbalance and reduced financial flexibility, despite New York City’s still favorable economic conditions,” Moody’s analysts wrote in a Wednesday note. New York City Comptroller Mark Levine said in a press release that the city was facing a structural imbalance that puts its long-term fiscal stability at risk. Levine said that the city’s operating expenses are projected to be $4.53 billion higher than its revenue in fiscal 2026. A proposed property tax increase floated by Mayor Zohran Mamdani would put the levy near its limit, Levine said. “Moody’s decision to revise New York City’s outlook to negative is a sobering wake-up call about the fiscal challenges ahead for us,” Levine said in response to the outlook cut.
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Oracle’s strong third quarter sales and full year outlook as demand for AI computing shows no sign of letting up. Plus, Meta plans to deploy four new generations of its in-house AI chips by the end of 2027 to help power its rapidly expanding AI workloads. And the CEOs of Uber and Zoox discuss their new partnership that will allow Uber customers to ge...
Bloomberg’s Caroline Hyde and Ed Ludlow discuss Oracle’s strong third quarter sales and full year outlook as demand for AI computing shows no sign of letting up. Plus, Meta plans to deploy four new generations of its in-house AI chips by the end of 2027 to help power its rapidly expanding AI workloads. And the CEOs of Uber and Zoox discuss their new partnership that will allow Uber customers to get robotaxis from Amazon's Zoox in Las Vegas, starting this summer. (Source: Bloomberg)
Key Points Acquired 49,332 shares of MSA Safety; estimated trade value of $8.03 million (based on fourth-quarter average closing price). Quarter-end position value rose by $6.27 million, reflecting changes in both share count and stock price movement. The transaction represented a 2.06% shift in 13F reportable assets under management. Post-trade, the fund holds 185,675 shares valued at $29.73 mill...
Key Points Acquired 49,332 shares of MSA Safety; estimated trade value of $8.03 million (based on fourth-quarter average closing price). Quarter-end position value rose by $6.27 million, reflecting changes in both share count and stock price movement. The transaction represented a 2.06% shift in 13F reportable assets under management. Post-trade, the fund holds 185,675 shares valued at $29.73 million. MSA Safety now accounts for 7.62% of P2 Capital Partners’ reportable U.S. equity portfolio, making it the fund's seventh-largest holding. 10 stocks we like better than MSA Safety › What happened P2 Capital Partners, LLC disclosed in its SEC filing dated Feb. 17, 2026, that it purchased 49,332 additional shares of MSA Safety (NYSE:MSA) during the fourth quarter of 2025. The estimated value of this transaction was $8.03 million, based on the average closing price for the period. The quarter-end position value increased by $6.27 million, reflecting both new purchases and underlying stock price changes. What else to know The fund’s latest buy lifted MSA Safety to 7.62% of 13F reportable assets, but the holding remains outside its top five positions. Top five holdings after the filing: CBIZ Inc : $89.47 million (22.9% of AUM) JBT Marel : $67.79 million (17.4% of AUM) Blackbaud : $39.91 million (10.2% of AUM) Tennant : $35.74 million (9.2% of AUM) Zeta Global : $34.60 million (8.9% of AUM) As of March 11, 2026, shares of MSA Safety were priced at $183.87, up 18.27% over the past year, underperforming the S&P 500 by 2 percentage points. Company overview Metric Value Price (as of market close 3/11/26) $183.87 Market Capitalization $7.13 billion Revenue (TTM) $1.87 billion Net Income (TTM) $278.92 million Company snapshot MSA Safety: Offers safety products including fixed gas and flame detection systems, portable gas detection, breathing apparatus, firefighter helmets, industrial head protection, fall protection, and protective apparel. Generates revenue through the design, man...
sitox/E+ via Getty Images Sable Offshore ( SOC ) +20.4% in Wednesday's trading to its highest in five months following a Bloomberg report that President Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the coast of southern California. Trump is set to summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sab...
sitox/E+ via Getty Images Sable Offshore ( SOC ) +20.4% in Wednesday's trading to its highest in five months following a Bloomberg report that President Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the coast of southern California. Trump is set to summon authorities under the Defense Production Act to preempt state laws and ease permitting for Sable ( SOC ), which wants to restart significant production from a cluster of platforms near the Santa Barbara coast. Trump's order was foreshadowed by a legal opinion issued last week by the U.S. Department of Justice asserting that invoking the Defense Production Act would override state-level permitting barriers and portions of a federal consent decree. A resumption of production by Sable ( SOC ) could help supply California, where motorists suffer with some of the highest pump prices in the U.S.; the state relies heavily on foreign crude, which comprises ~60% of the oil used by its refineries last year. Sable ( SOC ) has said its offshore wells could quickly pump 45K-55K bbl/day of crude once restarted, with production rising to as much as 60K bbl/day by the end of the decade. More on Sable Offshore Sable Offshore: Equity Raise Looms As Valuation Remains Stretched Amid Persistent Risks Sable Offshore's Story Remains Political, And Investors Grow Skeptical Seeking Alpha's Quant Rating on Sable Offshore
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT Betul Abali | Anadolu | Getty Images Elon Musk on Wednesday unveiled a joint project between Tesla and his artificial intelligence startup xAI, which he called "Macrohard" or "Digital Optimus" and said that it was a system capable of emulating the functions of software companies. In a post on his social media platform X, Musk sai...
In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNT Betul Abali | Anadolu | Getty Images Elon Musk on Wednesday unveiled a joint project between Tesla and his artificial intelligence startup xAI, which he called "Macrohard" or "Digital Optimus" and said that it was a system capable of emulating the functions of software companies. In a post on his social media platform X, Musk said the project pairs xAI's Grok large language model, acting as a high-level "navigator," with a Tesla-developed AI agent that processes real-time computer screen video and keyboard and mouse actions. The launch of Anthropic's Claude Cowork, which can perform a range of computer-based tasks autonomously, has already spooked software investors who fear that agentic AI can disrupt established business models. Musk's xAI was previously building Macrohard as an AI project that would allow developers to simulate software creations by companies like Microsoft. "In principle, it is capable of emulating the function of entire companies. That is why the program is called MACROHARD, a funny reference to Microsoft," Musk said on Wednesday. Musk said the system would run on Tesla's in-house AI4 chip paired with xAI's Nvidia -based server hardware, describing the combination as cost-competitive. The announcement comes after Tesla entered into an agreement in January to invest about $2 billion to acquire shares in xAI. SpaceX acquired xAI last month in an all-stock deal that valued the rocket maker at $1 trillion and xAI at $250 billion, coming ahead of a potential blockbuster initial public offering for SpaceX later this year, with Musk citing orbital data centers as a main reason for the merger. Records from the U.S. Patent and Trademark Office show that xAI filed a trademark application for "Macrohard" in August 2025. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Coaches of Hundred teams with investment from the Indian Premier League say they have not been directed away from signing Pakistan players. BBC Sport reported in February that the four Hundred franchises linked to the IPL would not sign Pakistan players, mirroring a ban in place in India. All eight Hundred franchises and the England and Wales Cricket Board (ECB) subsequently released a joint state...
Coaches of Hundred teams with investment from the Indian Premier League say they have not been directed away from signing Pakistan players. BBC Sport reported in February that the four Hundred franchises linked to the IPL would not sign Pakistan players, mirroring a ban in place in India. All eight Hundred franchises and the England and Wales Cricket Board (ECB) subsequently released a joint statement saying "players must not be excluded on the grounds of nationality". As expected, the two Pakistan players involved in Wednesday's auction for the women's Hundred were not bought by any of the eight teams. On Thursday, 17 Pakistani men are involved in the men's auction, including fast bowlers Haris Rauf and Shaheen Afridi, and spinner Usman Tariq. Hundred side Sunrisers Leeds are part of the Sunrisers' global network, with teams in India and South Africa. Sunrisers Eastern Cape are one of six teams in the SA20 - all have links to IPL ownership and none have ever fielded a Pakistan player. Adi Birrell, head coach of Sunrisers Leeds women and Sunrisers Eastern Cape men, said he had never been told not to sign a Pakistan player. "No, I haven't," he told BBC Sport. "I'm sure there will be some interest in some players tomorrow." Asked if he believed there will be interest in Pakistan players from teams with IPL links, he said: "I think so, but I don't know. I presume so. I haven't heard that they won't bid for them." Sunrisers Leeds are one of two Hundred teams owned outright by an IPL franchise, along with Southern Brave, who were bought by the part-owners of Delhi Capitals. Brave women's head coach Jonathan Batty said: "The only thing I've been told is 'sign the best players to make this the best squad you possibly can'. "We've had no other instructions than that and we've had total autonomy on who we sign. That's how it's been with the women's team."
BanksPhotos/iStock via Getty Images Key Facts About Hudson Technologies Hudson Technologies ( HDSN ) is a company that plays a key role in the lifecycle of refrigerant gas because it purchases virgin and recovered HFC and HCFC refrigerants and reclaims them using its proprietary Zugibeast machine (this is a patent Hudson owns, and that, combined with its two—out of a total of four—owned AHRI-certi...
BanksPhotos/iStock via Getty Images Key Facts About Hudson Technologies Hudson Technologies ( HDSN ) is a company that plays a key role in the lifecycle of refrigerant gas because it purchases virgin and recovered HFC and HCFC refrigerants and reclaims them using its proprietary Zugibeast machine (this is a patent Hudson owns, and that, combined with its two—out of a total of four—owned AHRI-certified laboratories in the U.S., represents its competitive advantage). Then it can resell the reclaimed refrigerants to different end-markets. It is the largest refrigerant reclaimer in the U.S., with a market share of around 35%. As I explained in my previous coverage , the company makes money from refrigerant gas sales and refrigerant management services. However, the company's revenues have a weak point: one customer—the U.S. Defense Logistics Agency—although providing meaningful revenue, accounts for over 10% of the company's total. This makes Hudson a bit weaker because the DLA has a lumpy relationship, with big one-offs that push Hudson's revenues up (as in 2023) and delayed contract renewal timing, which hurt the company's financials, albeit only temporarily. Currently, Hudson is facing a bid protest notified by a competitor. This has caused the DLA to pause the contract until the internal contract award process is reviewed. We see, once again, how this relationship has its ups and downs. However, the $38M revenue run rate is protected through July 2026. But we don't know what will happen after this date. This is why Hudson's next earnings call will be a key one. There are several macroeconomic tailwinds that we discussed in the past : the AIM Act mandates for HFC phase-down. Secondly, the HVACR installed base is still largely using HFC with an expected lifecycle of around 15 years. Hudson is also sensitive to HFC refrigerant pricing, which, being a commodity, is driven by supply and demand dynamics. This is obviously a key risk. In 2024, prices came down because of i...
Oracle $ORCL keeps walking into earnings with roughly the same giant cloud-and-AI story and watching Wall Street rewrite the ending. In September, talk of more than $500 billion in booked cloud orders and RPO of $455 billion sent the stock up close to 30% after hours. In December, softer guidance and another $15 billion in planned spending turned that same story into a balance-sheet scare. On Tues...
Oracle $ORCL keeps walking into earnings with roughly the same giant cloud-and-AI story and watching Wall Street rewrite the ending. In September, talk of more than $500 billion in booked cloud orders and RPO of $455 billion sent the stock up close to 30% after hours. In December, softer guidance and another $15 billion in planned spending turned that same story into a balance-sheet scare. On Tuesday, Oracle came back with revenue up 22% to $17.2 billion, OCI up 84% to $4.9 billion, cloud revenue up 44% to $8.9 billion, and RPO at $553 billion — and the market, once again, decided it liked the plot. The stock was up around 10% in Wednesday’s trading. Nothing cleans up an AI earnings story like a good utility bill. The company’s case barely moves: more cloud, more AI demand, more enterprise data inching toward the models, more backlog, more ambition. What keeps changing is Wall Street’s verdict. In September, the numbers read like a prophecy. In December, those same numbers read like a very expensive habit. In March, they read like a business again. This time, the market decided it liked one detail in particular: Oracle said that much of the latest RPO jump came from large AI contracts where it “does not expect to have to raise any incremental funds” because the equipment is either “funded upfront” by customers or bought by the customers themselves and handed over. Pair that with unchanged fiscal 2026 capex guidance of $50 billion and a raised fiscal 2027 revenue target of $90 billion, and Wall Street suddenly decided the same story sounded like it had a happily ever after once again. The post-earnings reaction sounded more relieved than smitten. Wedbush called the report a “huge relief” for the broader tech sector and said the company remains “a bedrock for the AI Revolution.” Citi called the earnings “very solid.” Morgan Stanley $MS’s read was that the quarter could start rebuilding investor confidence after December’s stumble. J.P. Morgan, meanwhile, upgraded the ...
Instead of moving forward with a jury trial against Live Nation-Ticketmaster as expected, the Justice Department announced a settlement Monday that omitted what used to be on the top of its wish list: a breakup. What the DOJ did get was a series of concessions that some industry stakeholders found unsatisfying and even baffling. There are a few bright spots, those who spoke to The Verge said: a 15...
Instead of moving forward with a jury trial against Live Nation-Ticketmaster as expected, the Justice Department announced a settlement Monday that omitted what used to be on the top of its wish list: a breakup. What the DOJ did get was a series of concessions that some industry stakeholders found unsatisfying and even baffling. There are a few bright spots, those who spoke to The Verge said: a 15 percent cap on Ticketmaster service fees at Live Nation-owned or operated amphitheaters, for instance, and a pledge to give artists more transparency on their own ticket sales. But they remained unconvinced the deal would usher in the large-scale change proponents of the lawsuit wanted. Many are hoping state attorneys general continue their case in pursuit of broader remedies, even if there’s no guarantee a jury will find in their favor or that Judge Arun Subramanian will grant more dramatic requests. “The theme today in the discussions I’ve had with partner organizations and members has been this: Who asked for this?” said Stephen Parker, executive director of the National Independent Venue Association (NIVA). “Most of us are just puzzled. One, why now? Two, why this? And three, where it came from.” Parker said that several provisions in the settlement either propose solutions his members likely won’t care to take advantage of — like using multiple ticketing systems for an event — or are so scaled down that they’re hardly meaningful. Kevin Erickson, director of the artist advocacy group Future of Music Coalition, echoed this, pointing to a provision about Ticketmaster pledging to open its backend to competitors. At trial, witnesses (including the CEO of competitor SeatGeek) described Ticketmaster software as “something out of the 1980s” or like “code flying across the screen” in The Matrix, and the DOJ noted issues Ticketmaster had selling tickets to Taylor Swift’s Eras tour (the company blamed a cyberattack). “I don’t see who’s asking for this. They just argued that Tick...