Saudi Arabia Says Iran Attack
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Wesley Clark, Former Nato Supreme Allied Commander, Ann Berry, Threadneedle Ventures, Jason Bordoff, Columbia University, Danielle Smith, Alberta Premier, Mark Lehmann CEO Citizens JMP Securities, Ed Yardeni, Yardeni Research, Diane Swonk, KPMG, Richard Haass, President of the Council on Foreign Relation, and Sean Neville, Catena Labs. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
B.C. Conservative Leader John Rustad to face scheduled leadership review amid infighting
B.C. Conservative Leader John Rustad is set to face a leadership review this summer as the province's centre-right party is embroiled by allegations of blackmail and at least two splinter parties. Rustad's leadership review is part of the party's constitution, and unlike many other parties, will not take place at a large convention. Instead, the votes will happen on a riding-by-riding basis, and the results will be announced at a convention in the fall. Rustad can only be removed if he receives less than 50 per cent support in the review. His party has been rocked recently by allegations of blackmail, with a leaked letter from Rustad containing accusations that MLAs who left to form their own party, OneBC, had threatened to release text messages and alleged secret recordings from Tory staff.A political scientist says that Rustad continues to face issues uniting the moderate and social conservative elements of his party, even as one of his party's MLAs said the caucus supports him. Aisha Estey, president of the B.C. Conservative Party, said the party was having riding-by-riding leadership votes to facilitate manned voting stations and give its thousands of members a 30-day notice period. "This is purely a practical necessity that it takes place over the summer, because we have many ridings to get to and it'll take a bit of time," she told CBC News. Party members in the Kootenay-Rockies riding voted on Saturday, and another vote is set to take place in Surrey on June 30. The exact date for future votes and of the fall party convention have not been announced. Blackmail allegations In an undated letter written by Rustad, leaked to media last week, the leader says that three MLAs who left the party's caucus had threatened to release texts to blackmail some B.C. Conservative caucus staff into quitting and working for them. CBC News has verified the letter was sent by the Tory leader to his caucus. In the letter, Rustad described the behaviour as "unethical, abusive, and potentially criminal." The Tory leader has, thus far, not commented publicly about the letter, which was seen to reference the splinter OneBC party formed by two former Tory MLAs, Dallas Brodie and Tara Armstrong. Vancouver-Quilchena MLA Brodie was kicked out of the Conservative caucus in March for her statements about residential schools. Armstrong, of Kelowna-Lake Country-Coldstream, and Jordan Kealy of Peace River North left the party shortly after in three have denied that they engaged in blackmail, pointing out that Rustad has not produced any evidence to support his claims. The B.C. NDP has written to the RCMP to ask it to investigate the claims. Estey dubbed the blackmail allegations an "unfortunate distraction from the outside" that was having very little effect on party members internally. "I think that our MLAs have been doing a fantastic job under John's leadership in the legislature, and in question period, holding the NDP to account," she said. "So I think generally we're pretty confident." At an unrelated news conference on Monday, Kelowna-Mission MLA Gavin Dew was asked whether he had confidence in Rustad. "I think we all have confidence in John Rustad ... we all want to make sure that our party is set up for success, and we all want to make sure that we're focused on the task at hand," he said. Prof says infighting to continue In addition to OneBC, which is aiming to appeal to social conservatives, former B.C. Liberal MLA Karin Kirkpatrick has set up Centre B.C. to appeal to more moderate centre-right voters who don't want to vote Conservative. Stewart Prest, a political scientist at the University of B.C., says that Rustad will continue to face an uphill battle in uniting moderate and social Conservatives within his party. "The leadership of Mr. Rustad is fraught, and there is no easy way to bring ... these two factions back together again, save the promise of imminent victory. And we don't have that at the moment," he said. "And so, I think the infighting will continue." "It may not rise to the level of somebody actually campaigning openly for Mr. Rustad's job, but I would expect there would be grumblings on both sides of that divide."
Yahoo
30 minutes ago
- Yahoo
ADM: A Longstanding Dividend Payer in the Agriculture Sector
Archer-Daniels-Midland Company (NYSE:ADM) is one of the Best Dividend Leaders to Buy Now. The company is undertaking a strategic plan focused on boosting profitability, targeting $200–$300 million in cost savings over the next few years through operational streamlining and workforce reductions. These steps are designed to strengthen margins and bolster financial stability amid persistent economic headwinds. A wheat field at sunset, showing the company's commitment to agricultural commodities. This initiative may also support Archer-Daniels-Midland Company (NYSE:ADM)'s dividend. The company has raised its dividend annually for 52 consecutive years and has maintained uninterrupted quarterly payouts for 90 years. Strong underlying business fundamentals further back the stability of its dividend. At the end of the most recent quarter, the company had over $864 million available in cash and cash equivalents. It currently offers a quarterly dividend of $0.51 per share and has a dividend yield of 3.86%, as of June 23. Archer-Daniels-Midland Company (NYSE:ADM) plays a vital role in the global agricultural supply chain, helping ensure food security by linking local demands with worldwide resources and capabilities. While we acknowledge the potential of ADM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None.
Yahoo
30 minutes ago
- Yahoo
ExxonMobil: A Dividend Giant in the Energy Sector
Exxon Mobil Corporation (NYSE:XOM) is one of the Best Dividend Leaders to Buy Now. The company's updated 2030 plan targets $20 billion in earnings growth and $30 billion in additional cash flow over five years. It will invest $140 billion in key projects, including $30 billion in low-carbon initiatives and Permian Basin development, aiming for returns above 30%. It also plans to cut $18 billion in structural costs by 2030 compared to 2019. Aerial view of a major oil rig in the middle of the sea, pumping crude oil. With strong earnings growth and ongoing cost reductions, Exxon Mobil Corporation (NYSE:XOM) is on track to generate significant excess free cash flow, an estimated $165 billion between 2025 and 2030, after covering capital spending and its current dividend. The company plans to return much of this surplus to shareholders through higher dividends and stock buybacks. If market conditions remain stable, Exxon Mobil Corporation (NYSE:XOM) expects to repurchase $20 billion in shares this year and another $20 billion in 2026. It has also increased its dividend at a 6% annual rate over the years, a pace it may maintain over the next five years. Overall, Exxon Mobil Corporation (NYSE:XOM) has raised its dividends for 42 years in a row and currently pays a quarterly dividend of $0.99 per share. As of June 23, the stock has a dividend yield of 3.54%. While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
