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Markets likely near bottom range; stay invested: Devina Mehra

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Markets likely near bottom range; stay invested: Devina Mehra
In a recent conversation with ET Now, Devina Mehra, Founder and CMD of First Global, maintained a steady and measured stance on equity markets, reiterating her earlier view that markets are likely sitting in a broader bottoming zone and that investors should continue to stay invested rather than attempt aggressive timing.

“We are around the bottom range”: long-term positioning unchanged

Responding to whether current levels offer a buying opportunity or if investors should wait for deeper corrections, Mehra said her view has remained consistent over the past several months.

“My view has been consistent. So, last month on your channel or on your Hindi channel I had said that the market is somewhere around the bottom range, I do not know whether it will start moving in two weeks or two months or whatever, but we are definitely around the bottom range. And my advice was that whatever is your equity allocation, remain invested. So, never have 100% in equity… whatever is your equity allocation, it was time to be invested then and it is time to be invested now as well.”

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She added that while she does not make index forecasts, probability suggests a better year ahead. “Overall, while I do not give index projections, in probability terms I think 2026 will be a better year than 2025…”


She also flagged sentiment as a contrarian indicator, noting that periods of fear tend to be more constructive than euphoric phases.
“When making money appears very-very easy… that is usually the worst time to get out of the market.”No fixed themes, but sector rotation continues
On identifying long-term themes, Mehra said her investment process is not based on multi-year forecasts but on a quarterly re-evaluation of opportunities.

“We look at everything from base zero every quarter. The question we ask is: if we had cash today, where would we be invested?”

She pointed to past calls in capital goods and recent overweight positions in autos, auto components, and pharma.

“You are right, we identified capital goods in October 2021… last couple of years we have been overweight auto components and autos… pharma and healthcare we have been consistently overweight.”

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While pharma saw consolidation in 2025, she said the overall stance remains constructive.

She also highlighted selective exposure to banking, including PSU banks, while maintaining that the portfolio remains diversified across FMCG and chemicals.

Power sector emerging as a key area of interest
One sector showing improving visibility is power, both generation and equipment.

“One sector which has begun to look better is power including the power equipment and power utilities and I suspect part of it is to do with data centre spending because data centres are extremely power intensive.”

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Earnings outlook: mixed but not negative
Addressing concerns around earnings growth and valuation, Mehra cautioned against over-reliance on index-level PE multiples, arguing that sector composition changes make long-term comparisons misleading.

“Looking at aggregate markets, it is usually not very meaningful if you talk about the Nifty PE… you are not comparing apples to apples.”

She noted that valuations across many sectors are not stretched versus historical averages. “It is not as if that we are very-very stretched on the valuation side.”

On earnings, she acknowledged near-term disruptions but remained broadly constructive.

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“Overall, I am not negative on the earning trajectory. Probably I would have expected a better acceleration, but for this geopolitical conflict…”

She added that commodity price shocks could create second-order effects across sectors.

Oil shock manageable, not structural disruption
On rising crude prices amid geopolitical tensions, Mehra said the situation is not unprecedented and can be absorbed over time.

“We have lived with $100 oil almost two decades ago… it is not something unprecedented or something we cannot navigate.”

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However, she acknowledged that India being an oil importer will feel macro and corporate-level impact depending on duration of price pressures.

“It might settle down somewhere in the middle but I do not think it is like an absolute disaster.”

IT sector: not dead, but evolving cautiously
On the IT services sector, Mehra pushed back against extreme bearish narratives, noting that the industry has repeatedly adapted through structural shifts.

“The obituary of the IT services industry in India has been written many-many times.”

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She highlighted AI-related risks but stressed execution uncertainty and the continued need for human intermediation in enterprise systems.

“No CTO is going to hand over the keys of the kingdom to an AI product company.”

At the same time, she acknowledged a key macro risk lies in employment generation rather than corporate profitability alone.

“If the employment part slows down, that is more of a question mark for the economy as a whole.”

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Valuations still not compelling enough for aggressive positioning
Despite some cooling in valuations, Mehra said the sector does not yet warrant a large overweight stance. “We are close to market weight, but it is still not at a stage where I can say that I want to make a big bet on it.”

She concluded that any meaningful business upcycle may take time to play out.

“The business itself will take time but I am saying that it will appear, it may not be exactly next month.”

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New Mexico Cartel Theories and Family Drama Claims Swirl as Search Hits Month 4

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Zayed International Airport Abu Dhabi International Airport

TUCSON, Ariz. — As the search for 84-year-old Nancy Guthrie entered its fourth month on Monday, May 4, 2026, fresh online rumors linking her abduction to Mexican cartels, possible family connections and staged elements have intensified public speculation, even as authorities maintain the investigation remains active with no named suspects or arrests. The mother of “Today” show co-host Savannah Guthrie was taken from her Catalina Foothills home on the night of Jan. 31 in what investigators describe as a targeted kidnapping, with blood spatter, a tampered doorbell camera and her pacemaker disconnecting shortly after 2:30 a.m. providing key early evidence.

Pima County Sheriff’s Department and FBI officials continue analyzing DNA samples, including potentially critical new material recovered from the home, while reviewing more than 30,000 tips. Savannah Guthrie has publicly stated she believes at least two ransom notes are genuine, though many others have been dismissed as hoaxes. The family’s $1 million reward remains active alongside a $50,000 federal offer, yet no verifiable proof of life has emerged in recent communications.

Online speculation has exploded in recent weeks. Some true-crime forums and social media accounts claim connections to Mexican cartels operating near the Arizona border, citing the proximity to Sonora and unverified notes mentioning sightings in Mexico. Others allege internal family drama or a staged disappearance for financial gain, prompting strong pushback from Savannah Guthrie and law enforcement. Sheriff Chris Nanos has repeatedly cleared all immediate family members as suspects, describing them as cooperative victims.

Former FBI agents and profilers have weighed in publicly. Some suggest a straightforward ransom motive with possible cross-border elements, while others caution against unverified theories that could hinder the probe. One circulating rumor points to a masked intruder seen on footage and alleged prior incidents around the home, fueling speculation of planned targeting rather than random crime. Authorities have not confirmed these details but continue examining surveillance from earlier dates.

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Savannah Guthrie returned to the “Today” show in early April after taking time away, using her platform to urge focus on credible tips and reject conspiracy narratives. In interviews, she expressed both hope for her mother’s safe return and acknowledgment of the grim reality after three months. The emotional toll on the family remains evident as they balance public appeals with private grief.

Forensic developments include ongoing FBI laboratory testing of additional DNA, such as hair samples from inside the home. Earlier glove DNA led to a dead end, belonging to an unrelated person. Ransom communications have included cryptocurrency demands, with some notes providing details that investigators initially lacked, lending them partial credibility according to Savannah.

The case has drawn intense national and international attention, with rumors amplified by true-crime podcasts, YouTube channels and social media. Claims of family involvement or staged elements have been particularly persistent online, despite official denials. Ed Smart, father of Elizabeth Smart, recently warned against such speculation, emphasizing its potential harm to the investigation and family.

Community members in the affluent Catalina Foothills area express ongoing concern and vigilance. Nancy Guthrie was remembered as an independent widow who lived in the same home for decades. Her pacemaker data and signs of forced entry, including a propped-open back door, convinced authorities she did not leave voluntarily.

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As the fourth month begins, the sheriff’s department renewed its plea for information, stressing the case is still active. No shift to cold-case status has occurred, with resources dedicated to digital evidence, vehicle sightings and potential cross-border links. The FBI’s involvement underscores the seriousness, with coordination for possible international elements.

Legal and profiling experts offer varied perspectives. Some see financial motivation as most likely, while others note the targeted nature and lack of immediate ransom success could indicate more complex motives. The volume of false leads and hoaxes has complicated progress, with one man already charged in connection with a fake ransom text.

The Guthrie family continues balancing hope with realism. Savannah has spoken of a possible “miraculous homecoming” while acknowledging the difficult passage of time. Public support remains strong, with many following developments closely and sharing verified information channels.

Nancy Guthrie’s disappearance highlights vulnerabilities for elderly residents and the challenges of high-profile abduction cases. Massive public interest generates helpful tips alongside distracting rumors and unverified claims. Authorities urge caution and focus on credible leads to avoid hindering the investigation.

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As May progresses, forensic results and new tips could provide breakthroughs. For now, the case of Nancy Guthrie remains one of 2026’s most perplexing mysteries, with rumors filling the void left by limited official updates. The family and investigators continue their quiet determination, hoping for resolution in what has become a deeply personal and public ordeal.

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Austal inks $150m contract extension for two more Border Force boats

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Austal inks $150m contract extension for two more Border Force boats

Henderson-based shipbuilder Austal will build two more evolved cape-class patrol boats for the Australian Border Force under a contract extension worth $150 million.

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Realistic Chance He Plays vs Thunder Series Revealed

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Luka Doncic Cheers Lakers from Bench in Game 2 as

OKLAHOMA CITY — Los Angeles Lakers superstar Luka Doncic remains sidelined with a Grade 2 left hamstring strain suffered April 2 against the Oklahoma City Thunder, casting significant doubt on his availability for the Western Conference semifinals that begin Tuesday, May 5, 2026. Multiple NBA insiders now place his realistic chance of appearing in any game of the best-of-seven series at roughly 35 percent, with most reports indicating he will miss at least the first two games and faces a “slow path” to return even if the Lakers advance deep into the matchup.

Doncic has been out for more than a month, missing the Lakers’ first-round series against the Houston Rockets. He has progressed to controlled on-court movement, light shooting drills and some non-contact work, but has not advanced to one-on-one sessions, full-contact practice or scrimmages. Shams Charania of ESPN reported Sunday that Doncic “will be out to start the series” and is being evaluated on a week-to-week basis. Brian Windhorst added that the 27-year-old is “not close” to returning and is unlikely to play the front end of the series, projecting at least another week to 10 days minimum before any realistic ramp-up.

A Grade 2 hamstring strain typically requires four to six weeks of recovery, placing Doncic on the early side of that window. Sports medicine specialists, including Dr. Jesse Morse, have noted he remains behind expected milestones, with no full-fledged running or live basketball activity yet. Brett Siegel and other league sources confirmed the earliest optimistic return window is Games 3 or 4 in Los Angeles, assuming rapid progress in the coming days. Even then, any return would likely involve strict minutes restrictions and careful monitoring to avoid re-injury.

The percentage estimate of roughly 35 percent for appearing in at least one game accounts for several factors. The series is expected to be competitive, potentially extending to six or seven games and giving Doncic additional time. However, the slow-build nature of his rehab, lack of contact work and the high-stakes playoff environment lower the odds significantly. Medical experts emphasize that explosive guards like Doncic face elevated re-injury risk if rushed, making conservative management the priority for the Lakers.

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Lakers coach JJ Redick and the medical staff have emphasized patience. Teammates have noted the intangible value of Doncic’s presence around the group during recovery, but on-court contributions remain the goal. The Lakers advanced past Houston without him, relying on LeBron James and supporting pieces, but facing the top-seeded Thunder without their second-leading scorer creates a steep uphill battle. Oklahoma City dominated the regular-season series against Los Angeles and presents elite athleticism and length that would test any returning player.

Insiders stress there is no firm timetable. Prime Video’s Cassidy Hubbarth reported Friday that progress is incremental and controlled, with no immediate live action on the horizon. This aligns with earlier reporting from ClutchPoints and others that Doncic is still at least a week and a half from progressing to the next phase of integration. The Lakers are expected to provide a status update Monday ahead of Game 1, but all indications point to him being unavailable for the series opener at Paycom Center.

If the series extends, the odds improve modestly. Games 3 and 4 in Los Angeles (projected around May 9-11) fall roughly five to six weeks post-injury, aligning with the outer edge of a standard Grade 2 recovery. A sports doctor cited by Heavy.com suggested May 11 as a best-case return date for Game 5, assuming continued positive steps. Yet even optimistic scenarios carry caveats: no scrimmage experience and the physical demands of playoff basketball make a seamless return unlikely.

Doncic traveled to Europe earlier for specialized treatment, but that did not accelerate his timeline dramatically. His playing style — reliant on sudden stops, direction changes and burst — demands near-full confidence in the hamstring before clearance. Re-injury rates for hamstring strains in elite athletes hover around 20-30 percent when rushed, further supporting the conservative approach.

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The absence places added pressure on James, Austin Reaves and the Lakers’ supporting cast. James has shouldered a heavy load in the playoffs, but the lack of Doncic’s scoring, playmaking and gravity against a Thunder defense built for versatility creates matchup nightmares. Oklahoma City swept the regular-season meetings and enters as heavy favorites, with many analysts projecting a short series unless Los Angeles finds unexpected magic.

Fan and analyst reaction has been mixed. Some express cautious optimism for a mid-series return that could swing momentum, while others view the injury as potentially series-ending for the Lakers’ title hopes. Social media buzzed with debates over the percentage odds, with most informed voices landing in the 30-40 percent range for any appearance. The basketball world continues to monitor daily updates from the Lakers’ practice facility, where any acceleration in rehab could shift expectations rapidly.

For now, the realistic outlook remains guarded. Doncic’s youth and elite conditioning provide hope, but the slow-build reality and playoff intensity tilt against an early return. The Lakers must prepare to compete without their All-NBA talent, at least initially, while keeping the door open for a potential late-series boost if the hamstring responds favorably in the coming week.

The series tips off Tuesday with Game 1 in Oklahoma City, followed by Game 2 on Thursday. Subsequent games alternate, with potential decisive contests back in Los Angeles. National television coverage will spotlight the matchup, with Doncic’s status dominating pregame narratives regardless of his availability.

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As one of the league’s most dynamic players navigates recovery, the basketball community watches closely. A 35 percent chance reflects the balance between medical caution and the unpredictable nature of playoff basketball. For the Lakers and their fans, every day without setbacks brings a glimmer of hope — but the immediate reality demands resilience without their Slovenian superstar.

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(VIDEO) Lionel Messi Steals Spotlight at 2026 Miami Grand Prix with Family and Star Driver Meetings

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Lionel Messi, Paris Saint-Germain

MIAMI GARDENS, Fla. — Lionel Messi turned heads and stole the show at the 2026 Miami Grand Prix on Sunday, drawing massive crowds and generating viral moments as the soccer legend attended with his family just hours after scoring for Inter Miami. The eight-time Ballon d’Or winner’s appearance at the Miami International Autodrome added an extra layer of star power to an already glamorous event, where he mingled with drivers, visited team garages and celebrated winner Kimi Antonelli in a feel-good crossover between football and Formula 1.

Messi arrived at the paddock alongside his wife Antonela Roccuzzo and their three sons shortly after playing in Inter Miami’s dramatic 4-3 loss to Orlando City. Dressed casually, the Argentine icon quickly became the center of attention as fans and cameras swarmed him. Mercedes hosted Messi as a guest — he owns several non-racing Mercedes vehicles and has collaborated with the brand on promotional work — and he spent time in their garage area taking photos and observing preparations.

Lionel Messi, Paris Saint-Germain
Lionel Messi
IBTimes US

One of the most memorable interactions came when Messi met fellow Argentine Franco Colapinto of Alpine. The young driver described the encounter as a dream come true, sharing that Messi asked detailed questions about Formula 1 and expressed interest in experiencing the car up close. Videos showed the pair chatting warmly, with Colapinto later posting about the special moment on social media. Messi also greeted Mercedes drivers George Russell and Kimi Antonelli, creating buzz among fans of both sports.

The soccer superstar’s presence generated electric energy throughout the weekend. Crowds chanted “Messi, Messi” as he walked through the paddock, and social media exploded with clips of his arrival and interactions. Many noted how the usually calm paddock turned into a frenzy whenever the Inter Miami captain appeared. His family joined in the experience, with photos showing the group enjoying the vibrant atmosphere of the Miami Grand Prix.

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Messi’s timing added to the story. Fresh off scoring in a high-scoring MLS match earlier that day, he transitioned seamlessly into the world of high-speed racing. Observers praised his humility and genuine interest in the sport, with reports indicating he asked drivers thoughtful questions about performance, strategy and the physical demands of Formula 1. His visit highlighted the growing crossover appeal between global sports stars and F1’s expanding U.S. audience.

After Antonelli delivered a commanding victory — his third straight win of the season — Messi congratulated the 19-year-old Mercedes driver in the team’s hospitality area. Videos captured the wholesome exchange, with Messi offering handshakes and words of praise. The moment resonated widely, with fans calling it a perfect blend of two iconic athletes from different generations and disciplines. Antonelli later credited the positive energy in the garage, jokingly referring to Messi as a good luck charm.

The Miami Grand Prix has become a magnet for celebrities, and 2026 proved no exception. Alongside Messi, tennis legend Rafael Nadal and golfer Jon Rahm were also in attendance, adding to the star-studded weekend. However, it was Messi who commanded the most attention, with his every move tracked by photographers and shared instantly across platforms. The event’s sprint format and dramatic on-track action, including incidents and safety car periods, provided a thrilling backdrop to the off-track glamour.

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Messi’s connection to Miami runs deep through his Inter Miami commitments, making his appearance at the local Grand Prix especially fitting. The weekend allowed him to unwind slightly from a demanding soccer schedule while exposing him to a new audience. F1 officials and teams welcomed the boost in visibility, noting how global icons like Messi help grow the sport in the United States.

Social media reactions poured in throughout the day. Hashtags related to Messi and the Miami GP trended as fans shared photos, videos and memes. Many celebrated the accessibility of stars at such events, while others speculated on potential future collaborations or even a lighthearted “Messi vs. drivers” challenge. The crossover moment between football royalty and motorsport added a feel-good narrative to the race weekend.

As the 2026 season continues, Messi’s paddock visit will likely be remembered as one of the standout off-track highlights. For F1, it reinforced Miami’s status as a premier destination event blending speed, entertainment and celebrity culture. For Messi, it offered a brief escape and new experiences alongside his family in a city he now calls home during his MLS chapter.

The day encapsulated why the Miami Grand Prix continues to captivate. From on-track battles featuring young talents like Antonelli to star-studded appearances by icons like Messi, the event delivered spectacle on and off the circuit. As fans relive the moments through viral clips, Messi’s effortless charm once again proved why he remains one of the world’s most magnetic athletes.

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Resurgent in April, can bulls defy ‘Sell in May’ maxim?

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Resurgent in April, can bulls defy 'Sell in May' maxim?
Mumbai: Investors tempted to follow the Wall Street adage ‘Sell in May and Go Away‘ after Indian equities’ best monthly gains in recent years in April, must resist the urge, with momentum still favouring the bulls. Seasonality trends also back this view: key indices in the past decade have posted gains in May more often than not. Analysts, however, caution that a runaway rally like the previous month is unlikely as oil prices remain elevated with the West Asia conflict simmering in the background.

In the past 10 years, Nifty has posted gains in six instances, while the Nifty 500 index has gained on seven instances, according to data from Motilal Oswal Financial Services for the past decade.

“After April’s strong rally, May is likely to see more moderate, stock and sector-specific moves rather than broad-based buying,” said Chandan Taparia, head of technical and derivatives research at Motilal Oswal Financial Servicesq. “While a classic ‘sell in May and go away’ trade may not materialise, upside could remain capped amid an elevated dollar and crude prices.”

Resurgent in April, Can Bulls Defy ‘Sell in May’ Maxim?Agencies

Analysts expect moderate gains, small- and mid-caps to top large caps

The average Nifty returns in May for the past 30 years have been 1.84%, and at 2.14% after adding dividends, said Sham Chandak, head of institutional equities at Elios Financial Services. “That said, Indian equities are no longer trading below their historical average valuations. They are at par now. Given we are still in a geographically uncertain environment and the Q4 earnings season could be difficult overall, I expect the market to be largely range-bound (in a 500-point range on Nifty),” he said.
He expects small- and mid-caps to continue outperforming large caps in May. Nifty and Sensex gained 7.5% and 7%, respectively, in April – the highest monthly gains since December 2023 – after both gauges had retreated to multi-year lows in March. The Midcap 150 jumped 13.2%—the biggest monthly upmove since November 2020—and the Nifty Smallcap 250 soared 17.1%, posting its best monthly performance since its inception in April 2016. Indian markets were shut on Friday for Maharashtra Day.

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“Although May seasonality, returns-wise, is slightly better, one needs to be mindful of rising crude prices and cues on monsoon. As the pace of foreign selling is slowing, equities have seen a strong rebound since April this year,” said Sriram Velayudhan, senior vice president, IIFL Capital Services. He said Nifty is likely to trade in a range of 23,800 to 25,000 for the month.

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Shares off to shaky start ahead of interest rates call

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Shares off to shaky start ahead of interest rates call

Australia’s share market has started the week lower, pulling back ahead of the Reserve Bank’s interest rate decision and as traders weigh developments in the Persian Gulf.

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American Century Growth Fund Q1 2026 Commentary (TWCGX)

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American Century Growth Fund Q1 2026 Commentary (TWCGX)

American Century Investments is a leading asset manager focused on delivering investment results and building long-term client relationships while supporting research that can improve health and save lives. Note: This account is not managed or monitored by American Century Investments, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use American Century Investments’ official channels.

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Markets may be approaching near-term exhaustion after strong rally: Rohit Srivastava

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Markets may be approaching near-term exhaustion after strong rally: Rohit Srivastava
Indian equities started the week on a strong footing, extending recent gains, though market watchers are increasingly flagging signs of slowing momentum even as the broader uptrend remains intact.

Speaking to ET Now, Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts said the market’s underlying structure is still positive, but momentum indicators suggest the pace of the rally is cooling.

“This is the fifth week of gains for the smallcap index, which is a long stretch. Our RMI indicator has crossed to the sell side for mid and smallcaps despite strong breadth. It shows that the speed of price rise is slowing. We may be nearing the end of this move. However, we made a longer-term bottom in early April, so any pullback should be seen as an opportunity.”

He added that the Nifty faces a key technical hurdle in the near term.

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“The level to watch is 24,300, which is immediate resistance. If we fail to move past it, we could retest 23,500. If we break above it, we may move beyond 25,000. As we enter May, a month that often slows after April’s momentum, we should stay alert to near-term volatility.”


While indices may be entering a consolidation phase, sectoral trends are beginning to diverge, with real estate emerging as a standout performer.
The Nifty Realty index has surged sharply, raising hopes of a possible base formation after a prolonged downtrend.“The realty index has been falling for over two years, from June 2024 to March 2026. It is possible that the correction has ended, with early value buying now emerging. It is too early to say the sector has fully turned, given oversupply concerns, especially in metros.”

“Prices have started to turn, which is an early positive sign. The real trigger would be a rate cycle change. We have not yet seen bond yields fall or RBI rate cuts. Those will be key future catalysts. But this is likely the first phase of value buying after a long bear market.”

Overall, markets remain at a delicate juncture—supported by strong liquidity and sentiment, but increasingly sensitive to technical resistance levels and macro triggers that will decide the next leg of the trend.

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What the parties are promising on transport in Wales ahead of the Senedd Election

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Westminster governments of whatever hue have underfunded Wales and the Senedd is the only route we have to achieve the funding levels needed to improve life in Wales.

A bus crashes down a mountainside

A TfW train at Cardiff Station.(Image: 112 Canarias)

In Thursday’s Senedd Election a judgement is to be made on which political party (or coalition) will take forward Wales’ transport network.

An efficient transport system provides the basis for a successful economy to move people and freight within Wales and internationally. Inward investors see transport in their top four criteria.

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Most parties address in some way the issues discussed in this column over recent months. There is a split between those concentrating on additional new roads/increasing capacity on existing roads (Welsh Conservatives/Reform) and public transport investment (Plaid Cymru, Green Party, Welsh Labour, Welsh Liberal Democrats).

Welsh Conservatives designate the M4, A55 and A40 as ‘union highways’ benefitting the UK as a whole. Surely, they should firstly benefit Wales.

READ MORE: New South Wales to London train service launch date

Author avatarDylan Jones-Evans

Experience shows that new road capacity may improve the short-term congestion position but over several years more traffic is attracted and congestion will return and not solve the south-east Wales’ road congestion problem. The capital cost of a new M4 relief road (really a six-lane motorway) is over £2bn. The annual cost of removing potholes is estimated at £250m.

The estimated cost of making a 21st century railway network in Wales is £14bn (Today, Tomorrow, Together, Welsh Government, 2026)

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These numbers are a massive fiscal challenge to any incoming government. The party manifestos have to show an understanding of the costs (whether published or not; and not just small marginal items) but also income from capital and revenue accounts within the block grant and Welsh taxation.

The sources and size of government revenue and the timescale over which it is received has to be set against a vision of strategic transport and land use planning. Consequently any new land developments (housing, business, retailing, manufacturing) must have an associated transport plan. Keeping in mind that major infrastructure schemes are not built within the life of one Senedd.

Wales has not been ‘fiscally fought for’ over decades but of the parties transport manifestos only Plaid Cymru refers to the revenue side of Wales’ public funding and making best use of the funds.

That unfairness shown to Wales must be resolved and Plaid Cymru in its first hundred days of government promises to begin negotiations with Whitehall sourcing a new block grant settlement. This would include full devolution of all rail investment funding alongside the existing operational powers and funding. And while adding a modestly estimated £3bn (including the investment backlog) annually to the block grant, it would also make possible an integrated transport investment programme.

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A new investment framework would then evaluate the costs and benefits of all road and rail infrastructure investment schemes and would have similarly considered the 20mph scheme. This implies that decisions are made initially on strategic criteria reflecting HM Treasury’s new ‘Green Book’ approach and then considered on economic or financial grounds. This evaluation process would apply to Cardiff Airport funding.

Although not specific on roads, it is fair to say that Plaid Cymru has produced the most detailed analysis of needs in its transport manifesto. It reflects a Netherlands-type approach which has been successful in reducing car-related traffic congestion and improving safety through a national public transport ticket, an integrated bus /tram/ rail /cycle network via interchange points and new vehicle investment. It should find favour with Welsh Liberal Democrats and the Green Party. Welsh Labour is clear on its intentions but so it should after thirty years background knowledge.

Reform unfairly criticises railway passenger capacity but incorrectly believes that using bimodal trains and varying length of trains between peak and off-peak times will solve overcrowding. That may work in London but indicates a very limited knowledge of Wales’ railways.

Wales will undoubtedly face a big financial challenge during the next Senedd. If these policies are to be achieved, increased income is required from the two main sources – Barnett formula consequential payments from Westminster and Wales’ own income and land transfer taxes. Increase in Welsh income tax is bravely suggested by the Liberal Democrats.

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One thing is clear. Any party which does not have in its manifesto, nor in previous statements, the continuance of the Senedd and a devolved government is living in a fiscal dream world. Successive Westminster governments of whatever hue have underfunded Wales. The Senedd is the only route we have to achieve the funding levels needed to improve life in Wales.

Parties prepared to follow a hard and continuous fiscal onslaught against the London governmental elite must therefore control the Senedd.

  • Professor Stuart Cole is emeritus professor of transport (economics and policy) University of South Wales.
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Did LeBron Finally Shift the Conversation?

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Lebron James Post Game Interview: LeBron James Leads Lakers

LOS ANGELES — As LeBron James approaches the twilight of his record-shattering 23rd NBA season, the eternal debate over basketball’s Greatest of All Time has taken a reflective turn. In recent wide-ranging interviews, the 41-year-old Lakers superstar has downplayed direct comparisons with Michael Jordan, calling the GOAT conversation “tiring barbershop talk” while acknowledging their vastly different playing styles and expressing hope that he has made his childhood idol proud. The comments, made as James continues piling up historic milestones, have reignited passionate discussions rather than settling them.

James told ESPN that he has never compared himself to Jordan because “our games are totally different.” He described himself as a point-forward who has always prioritized playmaking, while noting Jordan’s scoring-first mentality. “I never have compared myself to MJ,” James said. “I have been a point-forward/forward-point my whole life. I have always looked for the pass. MJ kind of looked for the shot. Not kind of — he did.”

The remarks come amid another postseason run for the Lakers, where James has added to his already unparalleled résumé. In the playoffs, he became the first player in NBA history to reach 500 career postseason steals, widening his lead over Jordan in that category. He also continues to chase longevity records, having already passed numerous milestones Jordan set during his shorter but dominant career.

Jordan himself has long downplayed the GOAT label. In past interviews, he predicted the debate would become “debatable” once new generations emerged and emphasized that comparing eras is inherently unfair. Recent reports suggest Jordan has privately defended James against harsh criticism, once calling ESPN’s Michael Wilbon to urge softer coverage of the young LeBron.

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The 2026 version of the debate reflects how far James has come. With four NBA titles across three franchises, all-time scoring leadership, and unmatched versatility, many analysts argue his case has never been stronger. Yet Jordan’s six championships, perfect Finals record, and cultural dominance remain the gold standard for many fans and former players. Stephen A. Smith and other commentators reacted strongly to James’ latest comments, with some interpreting them as a subtle concession and others as mature perspective.

James has emphasized respect for Jordan throughout his career. He wore No. 23 early in his career as a tribute and has repeatedly called Jordan the player who inspired him most. In the ESPN interviews, he expressed hope that Jordan is proud of how he represented the number. That humility stands in contrast to the often heated social media battles between fans of both icons.

Statistically, the gap continues to widen in James’ favor on volume metrics. He leads in career playoff steals, total games played, and assists, while holding the all-time scoring crown. Jordan maintains advantages in scoring average, defensive accolades in certain seasons, and Finals dominance. Advanced metrics like Win Shares and Value Over Replacement Player show a tight race when adjusted for era, but longevity gives James a massive edge in cumulative production.

The debate remains deeply personal for fans. Jordan represents the pinnacle of 1990s basketball excellence — six titles in eight years with the Chicago Bulls. James symbolizes endurance, adaptability and team success across two decades and multiple franchises. As James nears potential retirement after the 2026-27 season, many believe the conversation has evolved from “who is better” to “who had the greater career.”

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Jordan has stayed largely silent on the latest round of comments, consistent with his approach of letting achievements speak. Those close to him say he views the debate as ultimately unwinnable and unnecessary. James, for his part, has grown weary of it dominating discussions about his legacy. “You can love both of us without trying to tear the other person down,” he has said in various forms over the years.

Analysts note that the GOAT debate may never have a definitive winner. Different eras, rule changes, competition levels and playing styles make apples-to-apples comparisons difficult. Jordan faced hand-checking and physical defenses; James has thrived in a spacing-friendly, analytics-driven league while carrying heavier playoff minutes over more seasons.

As the Lakers push deeper into the 2026 playoffs without Luka Doncic, James’ leadership and production continue fueling arguments on both sides. His ability to elevate teammates and adapt at age 41 adds another chapter to his résumé. Whether that ultimately sways more voters in the endless GOAT poll remains uncertain.

For now, James seems content focusing on the present — chasing another title while mentoring younger players. Jordan, at 63, watches from afar as the game he revolutionized evolves. Their mutual respect, even amid the public debate, stands as one of the sport’s most compelling ongoing storylines.

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The conversation James once engaged with more directly has become, in his words, tiring. Yet it shows no signs of fading. As long as basketball is played, fans will argue about the greatest. LeBron James’ latest reflections may not have surprised Michael Jordan — but they have given the debate fresh nuance in 2026.

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