Author: Editor-In-Chief
Ship in the Strait of Hormuz near Bandar Abbas, Iran, May 4, 2026. Amirhossein Khorgoy | Isna | Wana | via ReutersTraders at predictive market platform Karshi do not expect normal traffic in the Strait of Hormuz until late summer or September. The United States and Iran maintain a ceasefire, but Iran has not indicated when it will open the strait or when the United States will lift its naval blockade of the strait. Traders now believe there is a 57% chance that traffic in the Channel will return to normal by September 1. The probability that things will return…
andy jassy said Amazon’s Huge spending on artificial intelligence is not something investors should fear. That’s why it always pays off over time.”I believe AI is the biggest technology transformation of our lifetime,” the CEO said on “Mad Money.” “It’s going to reinvent every customer experience as we know it, and it’s going to reinvent something entirely new that we’ve never imagined.”In February, Amazon announced plans to invest $200 billion in capital spending this year, primarily related to AI infrastructure. The stock price plummeted after it was disclosed along with the fourth quarter results. It took about two months for…
For many investors, the 24-hour news cycle almost always gives them reason to question the health of their portfolio.For example, as the war between the United States and Iran and the resulting conflict over the Strait of Hormuz enters its third month, you may have questions about your interactions with oil producers and multinational corporations operating in the Middle East. And even if you get excited about buying a new investment after seeing the headlines, perhaps excited about advances in AI or SpaceX’s upcoming IPO, investment experts say it’s wise to look inside the things you want to buy and…
Rangers’ heart and willingness to suffer have been called into question after Danny Rolle’s side lost 2-1 to league leaders Hearts, almost knocking them out of the Scottish Premiership title race.Knowing a win would put them just one point behind the Jambos and Celtic, Rolle’s side looked as if they were in complete control of Tynecastle, taking the lead in the first half through Dujon Sterling. However, a second-half comeback led by Stephen Kingsley and Lawrence Shankland left Rangers seven points behind at the top, and any hopes of winning the title were all but extinguished. Use Chrome Browser for…
The long-running saga of Cerebras Systems’ IPO is finally nearing the finish line. The AI chip maker announced Monday that it is preparing to sell 28 million shares at a price of $115 to $125 per share. This will raise $3.5 billion and give the company a maximum market cap of $26.6 billion. For latecomers who shelled out for a $1 billion Series H in February at a $23 billion valuation, this would be a huge gain in just a few months. That would also be a boon for OpenAI and several of its executives. If Cerebras achieves a higher-end…
The combined photo shows OpenAI CEO Sam Altman (left) on April 28, 2026, and Elon Musk on April 29, 2026, during the trial of Elon Musk’s lawsuit over OpenAI’s commercial conversion in federal court in Oakland, California.Manuel Orbegoso | ReutersElon Musk has about a 36% chance of success in his lawsuit against OpenAI, according to Kalsi traders, one of the lowest odds since the trial began in Oakland, California, a week ago. The billionaire sued OpenAI CEO Sam Altman and company president Greg Brockman in 2024, accusing them of failing to maintain the company’s nonprofit status. OpenAI’s lawyers cross-examined Musk…
Palantir CEO Alex Karp speaks at the World Economic Forum meeting in Davos, Switzerland, January 20, 2026.Fabrice Coffrini | AFP | Getty ImagesPalantir reported first-quarter results Monday that beat analysts’ expectations and also issued better-than-expected guidance.The following is a comparison of the company’s performance with analyst forecasts compiled by LSEG. Earnings per share: 33 cents adjusted, 28 cents expected; Revenue: $1.63 billion, $1.54 billion expected.Palantir’s revenue rose about 85% in the quarter, according to the statement, the fastest revenue increase since at least 2020, when the company went public through a direct listing. Net income nearly quadrupled to $870.5 million,…
Brighton have agreed a new long-term contract with manager Fabian Hürzeler. The 33-year-old’s current term was due to expire at the end of next season, but Sky Sports News understands the deal, which has yet to be signed, is a long-term deal. Brighton’s stance is not to comment publicly on contract issues prior to an official announcement. The deal has not yet been officially signed, but is expected to be done soon. Brighton’s bosses have been impressed by Hürzeler, who guided the club to eighth place in the Premier League and is challenging for European status with three games remaining.Hürzeler…
Wegovy semaglutide tablets.Michael Silk | Universal Images Group | Getty ImagesWhen the Wegovy pill was launched in January, telemedicine provider LifeMD announced that its business doubled almost overnight. LifeMD has gone from seeing 300 to 400 new patients per day to seeing 600 to 1,000 new patients per day, CEO Justin Shriver said. Although he knew there was a demand for it, he was surprised by the level of interest. “There’s no question that the launch of oral medications has improved access,” Schreiber said. Tens of thousands of people have started taking Novo Nordisk’s Wigovy pill in the four months…
Bill Reddy, CEO of Pinterest, speaks at the 28th Milken Institute Global Conference at the Beverly Hilton on May 5, 2025 in Beverly Hills, California.Patrick T. Fallon | AFP | Getty Imagespinterest First-quarter profits announced Monday exceeded sales and bottom line. The stock price soared 15% following the news.Here’s how the company performed compared to LSEG’s analyst consensus forecasts:Earnings per share: 27 cents adjusted, 23 cents expected; Revenue: $1.01 billion, $966 million expected.Pinterest’s first quarter revenue increased 18% year-over-year, but its net loss was $73.59 million, or 12 cents per share. A year ago, the social media company posted net…