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Nvidia (NVDA) and Lam Research (LRCX) are among the largest names on Oppenheimer’s latest “best of the best” momentum screen.
Oppenheimer’s technical analysis team said the list provides technical color for stocks discussed on research calls by the firm’s fundamental
Samsung cuts U.S. consumer electronics jobs as headquarters moves to Texas
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Economist Nouriel Roubini said universal basic income will eventually be needed as artificial intelligence and robots replace a growing share of the workforce over the next two decades.
Speaking on Bloomberg Television, Roubini, nicknamed Dr. Doom for dire forecasts although he prefers Roubini
BofA identifies ten Russell 1000 stocks, including Celsius, MACOM Technology, Akamai, Ciena, Duolingo, Axon Enterprise, Zillow, Arista Networks, Microchip Technology, and Workday, for covered call strategies combining premium income and potential upside.
Tomas Ragina
The U.S. military launched airstrikes targeting Iran’s Islamic Revolutionary Guard Corps on Sunday in retaliation for an attack in Jordan that killed two American service members and wounded four others, further escalating the conflict between Washington and Tehran.
U.S. Central Command
Tomas Ragina
Iran says it is suspending all commitments reached with the U.S. under the Islamabad Memorandum of Understanding a month ago, accusing Washington of violating the deal through a wave of military strikes.
“We were in negotiations. Unfortunately, it was the Americans themselves
Datadog-related sales trended higher in Q2 but softer customer sentiment ahead: BNP Paribas
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easyJet passengers should follow the rule (stock image)(Image: Peter Charlesworth, LightRocket via Getty Images)
Lots of people jet off abroad at this time of year, but there’s important information you need to be aware of if you travel with easyJet. After all, travellers need to be clued up on everything there is to know as the summer holiday season gets going, with countless people dreaming of some time in the sun.
If you’re set to travel soon, and you’re flying with easyJet, there are some crucial travel tips you need to come to terms with before you depart. This is information you don’t want to ignore, as failing to follow the guidelines could see you having to cough up extra cash during your journey.
This isn’t the only occasion travel advice has been highlighted either. Not too long ago, tips were also given to people to help them bag the best plane seats to avoid germs.
Everyone wants to squeeze as much value as possible out of their holiday budget, so it pays to know exactly what baggage is included before you book. Many travellers tend to focus on the headline ticket price, but baggage fees can swiftly add a considerable sum to the total cost of a trip.
According to Ricky Durrance, travel expert at package holiday specialists Teletext Holidays, getting to grips with easyJet’s baggage rules can save you a tidy sum and help you make the most of your baggage allowance. The good news is that every easyJet passenger is allowed to bring one small bag on board without any extra charge.
However, that’s where things get complicated as, if your bag won’t fit beneath the seat in front of you, you’ll probably need to pay an additional fee.
Overhead locker space is restricted and frequently comes at a price, so it’s worth weighing up whether a checked bag represents better value. The easyJet website states: “Our low fares include one small cabin bag free of charge.
“Your bag can weigh up to 15kg, but we do ask that you’re able to lift and carry it yourself. You can purchase additional bags online when you make your booking or any time before you travel, via Manage bookings on our website or mobile app.
“Buying online is always cheaper than at the airport. Fees vary depending on the route selected, flight and time of booking.”
However, it’s crucial to remember that, if you wish to pay for a large cabin bag, charges can be steeper during busy travel periods. For couples and mates travelling together, it’s worth crunching the numbers to determine whether sharing a checked suitcase makes more financial sense before you book.
Managing your baggage allowance can be a right faff, and it becomes even trickier when your suitcase eats up a substantial chunk of the weight limit. easyJet’s large cabin bag allowance permits up to 15kg.
However, many hard-shell cabin cases tip the scales at between 3.5kg and 4.5kg when empty, meaning the usable space for clothes and other belongings can end up being considerably less than anticipated.
You may find yourself with as little as 10.5kg available for packing, which can disappear remarkably quickly. In contrast, a shared 23kg checked bag using a similarly weighted case still leaves upwards of 18.5kg free for packing, which can make a world of difference.
Ricky added: “It’s also worth knowing that booking your baggage allowance sooner rather than later can help save you money.”
easyJet’s baggage fees tend to be cheaper when added at the point of booking rather than closer to the departure date. For those booking a package holiday rather than directly through the airline, it’s worth checking this as early as possible, ideally at the time of booking.
When airlines levy extra charges for every kilogram and each bag, careful planning of your luggage before you travel is absolutely crucial, according to Ricky.
Earnings Call Insights: F.N.B. Corporation (FNB) Q2 2026
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
U.S. crude climbs 15% this week as U.S.-Iran attacks escalate, Red Sea shutdown fears rise
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Earnings Call Insights: Fifth Third Bancorp (FITB) Q2 2026
Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.
The Bermuda bank agrees to buy a 91.7% stake in CIBC Caribbean Bank for $1.8 billion, creating a regional giant.
This article appears in the July/August issue of Global Finance Magazine.
Butterfield Group has agreed to acquire a 91.7% stake in CIBC Caribbean Bank Limited for $1.8 billion — $1.09 billion in cash and the remainder in shares — in a deal that would create one of the region’s largest banking groups.
This is at least the third time in the past seven years that the Canadian Imperial Bank of Commerce (CIBC) has attempted to sell some of its Caribbean interests.
“This deal combines two storied, complementary banks with significant local scale advantages and time-honored customer relationships in their respective core jurisdictions,” said Michael Collins, Butterfield’s chairman and chief executive, in a statement.
The new banking group will hold an estimated $29 billion in assets. The Bermuda-based Butterfield Group—formerly The Bank of N.T. Butterfield & Son Limited—also operates in The Bahamas, the Cayman Islands, the Channel Islands, Singapore, Switzerland, and the U.K. CIBC has a presence in 10 countries and is based in Barbados.
CIBC will hold about 22% of the enlarged Butterfield Group and will have the right to appoint two directors to the board.
The bank’s top brass says the deal underscores a shift in the Caribbean financial sector.
“This is really a change in Butterfield’s positioning because it now picks up both a retail and a business portfolio that spans the entire gamut of the region, and it probably could make it the biggest bank in the region,” former Butterfield CEO Mariano Browne told the Trinidad and Tobago Guardian.
Butterfield has promised to maintain CIBC’s Barbados office. Customers should expect no immediate changes. Existing branches will remain open, and clients can expect improved cross-border payments and expanded consumer, digital, and merchant banking.
The deal, pending regulatory approval, should close in the first half of 2027.
In 2018, CIBC attempted to list FirstCaribbean on U.S. stock markets to raise up to $240 million but withdrew the application less than a month later after failing to drum up sufficient investor interest. A 2019 deal to sell 66.7% of CIBC to GNB Financial Group for $797 million fell through after the deal failed to secure regulatory approval.
Nic Wirtz is a contributing writer based in Guatemala.
Xencor advances 17% after revealing ESMO 2026 oral presentation slot
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Apple reclaimed the title of the world’s most valuable company on Friday, overtaking Nvidia as investors grew more confident in its AI strategy.
Shares of Nvidia were down as much as four percent as worries about the valuation of artificial intelligence equities dogged the market, giving the company a valuation of about $4.8 trillion (€4.2 trillion), slightly below Apple’s $4.9 trillion (€4.3 trillion).
The company later clawed back the losses, with Apple and Nvidia trading neck and neck for the top spot.
Nvidia’s stock has soared more than 1,200% since January 2023, climbing from a split-adjusted $14.86 (€13.00) to about $205 (€179.30) by mid-July 2026. The company carried out a 10-for-1 stock split in June 2024.
Nvidia became the world’s most valuable company in 2025, driven by the AI boom sparked by the launch of ChatGPT in November 2022.
Originally designed for video games, Nvidia’s graphics processing units (GPUs) have become the core hardware used in AI data centres to train large language models developed by companies such as OpenAI, Anthropic and Google.
In recent weeks, however, analysts have begun questioning whether the massive investments in Nvidia’s chips and software will pay off as new AI products reach the market.
Those questions have intensified as ChatGPT-maker OpenAI and rival Anthropic, two of the most valuable private companies in history, having filed to go public.
Meanwhile, investor confidence in Apple confidence in Apple has strengthened in recent weeks, pushing its shares up about 20% since late June. Apple also unveiled a redesigned version of Siri, receiving broadly positive early reviews.
Central banks are scaling back on the dollar as institutional bullion buying climbs to record highs.
In the World Gold Council’s (WGC) latest annual survey of central banks, 83% of respondents expect to increase their gold holdings over the next year. That’s up from 76% in 2025. This surge in demand is due to the U.S. dollar’s waning preeminence in global reserves and the growing number of international crises.
Almost three-quarters of central banks predict a lower share of global reserves held in greenbacks over the next five years, and a record 45% say they plan to increase their institutional bullion reserves over the next 12 months, up from 43% last year.
Gold recently overtook U.S. government bonds as the world’s top reserve asset, according to the June 16 report. The survey polled 76 central banks between February and May; most responses were received after the recent Mideast hostilities began. Greenbacks accounted for 42% of total reported reserves, including gold and foreign exchange, in the third quarter of last year, according to the International Monetary Fund.
A record 90% of those polled by the WGC say gold’s performance during volatile periods is a key reason for acquiring more of it. Similarly, 82% say they value gold for portfolio diversification, and 84% value it as a long-term store of value.
The metal’s role in hedging geopolitical risk is especially important among central bankers in developing and emerging markets, with 85% citing this factor.
Half of respondents seeking to procure more gold say they will finance such purchases through domestic purchase programs denominated in local currency, while 38% say they would buy more gold by selling existing reserve assets.
Central banks also appear to be rethinking their gold storage strategy. The survey found that 9% of central banks increased domestic storage over the past year, while 10% say they diversified their overseas storage locations.
The Bank of England remains the most popular gold storage location, cited by 57% of respondents, while the Swiss National Bank saw a sharp drop in preference, from 12% to 6% in 2025.
In the past four years, central banks have, on average, acquired 1,000 tonnes of gold annually, double the 500-tonne average of the previous decade. Mainland China’s bullion stores totaled 74.96 million troy ounces in late May, up 320,000 from April, marking the 19th consecutive month of increase, according to the People’s Bank of China.
Ajay Shamdasani is a contributing writer based in Hong Kong.
No asset manager had ever crossed the $15 trillion (€13tn) threshold before BlackRock confirmed the milestone in results published on Wednesday.
The rise was driven by market gains and new client money.
Clients handed the New York-based giant a net $192 billion (€167bn) in the second quarter of 2026, capping a record first half in which inflows reached $321 billion (€280bn), more than double the same period a year earlier.
To illustrate the sheer scale of BlackRock’s assets under management, the firm manages more money than the projected nominal annual economic output of every country except the US and China, and nearly three times that of Germany.
However, assets under management represent a stock of investments, while GDP measures economic output over a year.
The surge in assets came during a quarter that was lucrative too.
According to BlackRock’s second-quarter earnings release, revenue climbed 31% year on year to $7.1 billion (€6.2bn), while adjusted earnings per share reached $13.91, comfortably beating expectations.
BlackRock shares jumped about 7% on the day of the release.
“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalysed by new technology,” CEO Larry Fink said in a statement.
“Our momentum is accelerating, and I’ve never been more optimistic about the growth ahead,” Fink added.
The first thing to understand is that this is not BlackRock’s money.
It is the pooled savings of pension funds, insurers, governments and ordinary investors, which the firm manages for a fee. Most of the money is invested in shares.
Equities account for $8.9 trillion (€7.7tn), or 58% of the total.
Bonds and other fixed-income investments make up a further $3.4 trillion (€2.9tn), or 22%. Multi-asset strategies that combine different investments hold $1.3 trillion (€1.1tn), or 9%, while cash-management products, such as Treasury bills, account for another $1.1 trillion (€960bn), or 7%of the total.
The headline-grabbing alternative investments, including infrastructure, private credit, private equity and property remain a sliver at $449 billion, roughly 3% of assets, but they generate about 15% of BlackRock’s base fees.
Commodity and currency products hold $152 billion (€132bn), while crypto-linked funds, launched in 2024, manage about $49 billion (€42bn).
The way the money is invested matters as much as the asset mix.
Some 41% of the total sits in exchange-traded funds (ETFs). Fink noted that the iShares ETF range crossed $6 trillion during the quarter, roughly double its size three years ago.
BlackRock’s scale has increasingly brought it into deals with geopolitical implications. The dispute over ports at either end of the Panama Canal is one of the clearest recent examples.
After US President Donald Trump claimed China was effectively running the waterway, Hong Kong’s CK Hutchison agreed in March 2025 to sell 43 ports, including terminals at either end of the canal, to a consortium led by BlackRock. The proposed deal was valued at $22.8 billion (€19.9bn) and welcomed by Washington as a step towards restoring US influence over the ports.
Beijing objected and pressed for state-owned Cosco to be included. The sale has yet to be completed.
Panama meanwhile annulled Hutchison’s canal concessions in February, handing interim operations to Maersk and MSC, whose terminals arm counts BlackRock’s infrastructure unit GIP among its shareholders, while talks on the wider portfolio continue.
Meanwhile, Panama’s Supreme Court annulled Hutchison’s concessions to operate container terminals at either end of the Panama Canal in January. The government transferred interim control of the ports to Maersk and MSC in February, while talks over the wider portfolio continued. BlackRock’s infrastructure business, Global Infrastructure Partners, is a shareholder in MSC’s ports division.
Larry Fink’s proximity to the White House was on display again in May, when he travelled to Beijing as part of the corporate delegation accompanying Trump during his meeting with Chinese President Xi Jinping.
Fink joined chief executives including Tesla’s Elon Musk and Apple’s Tim Cook on a visit dominated by trade and technology.
The firm’s reach extends into American retirement policy as well.
An executive order signed by Trump last year directed regulators to broaden access to private-market assets through the country’s 401(k) pension plans. BlackRock had championed the shift and stands to benefit as it develops private-market products for retirement savers, which typically carry higher fees than index funds.
Danske Bank A/S reports 1H results
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