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Mamdani’s power play worked. Takeaways from Tuesday’s primaries

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Mamdani’s power play worked. Takeaways from Tuesday’s primaries
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Miles McBride partners with 1800 Tequila to honor Knicks championship

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Miles McBride partners with 1800 Tequila to honor Knicks championship

The first New York Knicks NBA championship in 53 years has the entire city still in rapture days after beating the San Antonio Spurs in five games. 

This special moment in Knicks history is something the players have not taken for granted, and one of them is working alongside 1800 Tequila to commemorate the moment in special fashion.

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Miles “Deuce” McBride teamed up with the tequila brand to gift his teammates with custom New York-themed bottles of 1800 Milenio Tequila, which is the brand’s luxury expression made for legendary milestones like the Knicks had this season. 

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Miles McBridge for 1800 Tequila

Miles “Deuce” McBride teamed up with 1800 Tequila to create 30 exclusive bottles to commemorate the team’s NBA Finals victory over the San Antonio Spurs.  (1800 Tequila)

The bottles were designed specifically for the championship season by local illustrator and longtime Knicks fan Fefi. They feature New York City iconography, hometown sayings, and have visual nods to the grit, pride and energy that have been seen throughout this historic playoff run all around the bottle.

There were only 30 bottles created and gifted to the roster and several staff members from McBride, with each one being a personal keepsake to remember this signature moment in New York sports history.

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KNICKS’ FANATICS CHAMPIONSHIP GEAR FLYING OFF THE SHELVES IN RECORD FASHION

“I’d say legacy means so much to me. The legacy of 1800 [Tequila] being passed down, it just correlates really well with everything in my life, everything New York, and everything Knicks,” McBride said.

Miles McBride and Fefi show off 1800 Tequila bottle

Miles “Deuce” McBride with New York illustrator Fefi, who delivered the artistry for 1800 Tequila’s 30 commemorative bottles for the Knicks’ championship. (1800 Tequila)

The Knicks made 1800 Tequila the official tequila of the team, and that partnership was on full display during the playoff run. While having sold-out Knicks limited edition bottles, it also launched Row 18(00), which was a campaign featuring New York-based content creators that gave real Knicks fans who may have gotten priced out of attending playoff games at Madison Square Garden the chance to watch from Row 18 inside the arena. 

Game 3 of the NBA Finals between the Knicks and Spurs, which marked the first finals game at MSG since 1999, had an average sale price around $7,683, according to Vivid Seats earlier this month. The cheapest ticket to attend was $3,940, and those four-figure prices were also seen earlier in the playoffs.  

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1800 Tequila Knicks bottle in Jordyn Woods' hands

Jordyn Woods, the fiancee of Knicks star Karl-Anthony Towns, looks down at 1800 Tequila bottle commemorating the Knicks’ championship.  (1800 Tequila)

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Buy AGNC Investment, But Not For The Dividend Alone (NASDAQ:AGNC)

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My Dividend Growth Income: March 2026 Update

This article was written by

I have a B.Tech degree in Mechanical Engineering from a top school in India. For nearly twenty five years, I have worked in the oil and gas sector, primarily in the Middle East. I work at the intersection of engineering, operations, and project management in an industry that does not forgive mistakes – so I have learned to be efficient, careful, and disciplined. These traits inform my investment strategy. For much of my professional career, I have maintained a serious and sustained interest in the U.S. equity markets, with a particular focus on technology, energy, and healthcare. I started as a growth investor, taking risks as I saw fit; but today, my investment approach blends elements of both value and growth. I seek to understand the underlying economics of a business, evaluate the durability of its competitive advantage (or “moat”), and assess its ability to generate consistent free cash flow over time. I believe, as Munger puts it, in “sitting on your ass” when holding a high-quality business—allowing time and compounding to do the heavy lifting. My orientation is moderately conservative; I look for upside while minimizing downside. Well, who doesn’t, but as I look towards retirement, I have started emphasizing the latter over the former. As a result, in recent years, I’ve gradually rebalanced toward income-generating assets—dividend-paying equities, REITs, and similar vehicles. I view investing not merely as a pursuit of high returns but something that will also generate peace of mind. I joined Seeking Alpha to both contribute to and learn from a community of thoughtful investors—people who, like me, are interested in the intersection of real-world business fundamentals and intelligent investing. PS – The icon I have used represents something fundamentally important to me – that is, to earn money through investing in ecologically sensitive businesses.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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EasyJet announces first international flight from Cornwall Airport

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The route will provide a connection for people travelling to the Alps during ski season

An easyJet plane flying in a blue sky

An easyJet plane

Budget carrier easyJet has announced its first international flight from Cornwall Airport Newquay.

The route to Geneva in Switzerland will operate once a week – on Saturdays – from January 16 to February 27, 2027, providing a connection for travellers from Newquay to the Alps during the ski season, with dates including February half term.

The seasonal service will be the only direct winter connection between Newquay and Switzerland and follows easyJet’s recent announcement of a summer route between Newquay and London Gatwick.

Kevin Doyle, easyJet’s UK Country Manager, said: “We are delighted to be putting another route on sale from Newquay, our first international service from the region, following the recent launch of our route to London Gatwick.

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“Our winter service to Geneva will be perfect for those looking to book a winter getaway whether that’s for a city break or a ski trip in the French Alps. We are committed to providing our customers across the UK with greater regional connectivity at affordable prices.”

Nigel Scott, commercial director at Cornwall Airport Newquay, added: “We’re very pleased to be able to offer travellers in Cornwall a direct connection to the Alps with easyJet this winter.

“We know demand is high for direct ski access from the region, and this route provides an affordable and convenient way for travellers to land on the doorstep of some of Europe’s best ski resorts.

“Building on the success of easyJet’s summer Manchester route, and upcoming London Gatwick connection, we’re delighted to continue strengthening our partnership with easyJet into the winter season.”

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Earlier in June, Cornwall Airport announced plans to launch a direct-flight package holiday programme to Tenerife in March next year. The South West transport hub has partnered with Murray Travel on the programme which will offer two direct departures from Newquay to Tenerife on Friday, March 5 and Friday March 12.

The news comes as the airport’s interim managing director, Amy Smith, steps down from the organisation after 11 years to take up a new role within the aviation sector. The transport hub has not announced a new boss yet, but is expected to appoint a new MD in the coming weeks.

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LARRY KUDLOW: Stop the hand-wringing, let Trump make a great deal for America

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LARRY KUDLOW: Trump gets an A-Plus for grace and courage

There’s vastly too much hand-wringing over President Trump’s diplomacy and potential dealmaking with Iran, and it’s coming from friends and foes alike. I think it has more to do with America’s crumbling political infrastructure, than it does regarding the merits of Mr. Trump’s efforts.

First of all, the so-called memorandum of understanding is a nonbinding political document which simply outlines topics to be covered in the months ahead for some kind of final deal. Some people are taking parts of this MOU completely out of context for their own political gain. Let’s step back for a moment.

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Over the past year, beginning with Operation Midnight Hammer and continuing through Epic Fury and Economic Fury, American and Israeli allied forces have completely decapitated the Iranian leadership, turned their nuclear capacity into rubble, totally buried their enriched uranium, destroyed their navy, destroyed their airforce, destroyed their radar, destroyed much of their missiles, and drones, and destroyed virtually their entire industrial base. Inflation could be running at more than 200 percent. Food and medicine for average civilians are not available. Currency is worthless. The economy essentially shuttered. In other words, Iran’s military and economic capabilities have been decimated. And people know this whether they criticize it or not.  General Jack Keane observed that we’re not even seeing Iranian fast boats anymore in the Strait of Hormuz.

Meanwhile, the New York Post’s Miranda Devine writes that Iranian women at Tehran are now going around on motorcycles wearing skirts and without hijabs covering their hair, a crime that used to result in fines, jail, and savage beatings. Yet the morality police may be dead. Another sign that the radical Islamist Republic is crumbling from the inside.

Because of Mr. Trump’s courageous actions, the only president in the last 50 years to go after Iran forcibly and successfully. Its leadership has been decapitated, their military capabilities have been virtually eliminated, and their nuclear operations have been shut down. All reduced to rubble.

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In short, their capacity for harm has essentially been eliminated for years to come with no boots on the ground. So, all this gives Mr. Trump the opening for diplomacy in the future. Why not try it? And that leads to at least a temporary suspension of the naval blockade to reopen the Strait of Hormuz and bring down oil prices to sustain the world economy.

It’s a risk worth taking. Indeed I don’t think there’s any risk at all. And not a single dime of money will reach Iran unless the final deal verifiably with inspectors ends their nuclear program and their enriched uranium. That’s the final deal, not some non-binding memo.

Even oil money will be put into an escrow account by the United States Treasury. And released only for buying the Iranian people food, farm, and medical help. Mr. Trump had this to say on the matter: “One of the things that we are doing also, and it came up last night, is money that’s being unfrozen is going to be used to buy food, and the food is going to be bought exclusively through the United States from our farmers. And corn, soybeans, all of the things they need are going to be bought from our farmers.”

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That is quintessentially a Trumpian approach in deal making. The absolute key point is that the president, as he has said time and again, is going to end Iran’s nuclear capacity, period, full stop, with verification and inspection. Mr. Trump calls it nuclear honesty. And if Iran doesn’t play ball, then… We will go back to military, bombing, and the economic embargoes, and give them even more damage if that’s what it’s going to have to take.

Right now, Mr. Trump is making the right decisions. Opinion polls more and more are showing a favorable attitude towards his diplomacy and deal-making. So I say, let us stop this hand-wringing and let Mr. Trump do what he does best. Which is make a great deal for America.

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Genco Shipping Stock: A Hidden Gem Caught Between A Board And An Activist (NYSE:GNK)

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Genco Shipping Stock: A Hidden Gem Caught Between A Board And An Activist (NYSE:GNK)

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I’m an economist and data analyst, with academic roots in econometrics, PPE (Philosophy, Politics & Economics), and an MBA, and 20 years of hands on experience across finance and analytics. Active in equity markets since 2018, I apply quantitative and first-principles thinking to hunt for the story hiding behind the numbers, situations where real earnings power diverges sharply from what the market is currently pricing. I’m drawn to overlooked small and mid-cap names where the numbers tell a more interesting story than the market is willing to acknowledge yet!

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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DOE announces $17.5 billion in loans to boost nuclear reactor supply chain

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DOE announces $17.5 billion in loans to boost nuclear reactor supply chain

The Department of Energy on Tuesday announced $17.5 billion in conditional loans for utilities and energy companies to buy parts that will strengthen the commercial supply chain for nuclear reactors.

Energy Secretary Chris Wright said that the announcement supports President Donald Trump‘s executive order by boosting the nuclear industrial base, helping to “unleash the next American nuclear renaissance.”

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“To accomplish that mission, these conditional loans will play an important role in reviving the supply chain needed for America to once again build large-scale commercial reactors,” Wright explained.

“They will also help accelerate the timeline of building those large-scale reactors by up to three years, lowering construction costs and ensuring the United States is able to deliver on President Trump’s bold and ambitious energy addition agenda,” he added.

US PLANS TO BUILD NUCLEAR REACTOR ON THE MOON BY 2030, NASA SAYS

Steam coming out of a nuclear power plant

The Energy Department is hoping to speed up the development of new commercial nuclear reactors through the conditional loan program. (Fox News)

The conditional loans were provided by the Energy Department‘s Office of Energy Dominance Financing (EDF). The loans aim to help achieve the goal laid out in the president’s executive order, which is to have 10 new large nuclear reactors with complete designs under construction by 2030.

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The $17.5 billion in conditional loans will help finance five eligible projects that are sponsored by utilities and energy companies to speed up the deployment of 10 large-scale commercial nuclear reactors across the U.S. by up to three years. Each of the five loans will support two reactors at a project site.

Westinghouse, which makes the API1000 units that are the only licensed large-scale commercial reactors operating in the U.S. today, will partner with the eligible utilities and energy companies on the procurement of long-lead items at a fixed price. 

TRUMP ADMIN PROVIDES $1B FEDERAL LOAN TO RESTART THREE MILE ISLAND NUCLEAR REACTOR

U.S. Energy Secretary

Energy Secretary Chris Wright speaking during a panel, said that more than half a dozen utilities and energy companies have expressed interest in the program. (Anna Moneymaker/Getty Images, File)

Long-lead items are complex components of a nuclear power plant that require the most time to manufacture and deliver, such as reactor vessels and steam generators.

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Each of the projects will be jointly owned by Westinghouse and the utility or energy company partner, with both required to fully commit project equity of $500 million each, for a total of $1 billion, up front before they can access the Energy Department’s loan funds.

The U.S. industry has struggled to attract investment because nuclear projects are capital-intensive, prone to cost overruns and face complex regulations – creating a riskier proposition for investors than relatively cheaper, quicker energy projects involving natural gas and renewables.

META’S MASSIVE NUCLEAR POWER DEALS WILL HELP US ‘WIN’ AI RACE AGAINST CHINA, EXECUTIVE SAYS

Cooling towers at the Three Mile Island nuclear power plant.

The Three Mile Island nuclear power plant is due to return to operation in the next few years. (Heather Khalifa/Bloomberg via Getty Images, File)

Wright told reporters that the loans have attracted strong interest from data center hyperscalers, which are tech giants that run cloud and computing infrastructure, as well as energy companies amid the rising demand for electricity due to the buildout of data centers that power artificial intelligence (AI) systems.

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“We are confident that these projects will be economic for utility shareholders, ratepayers and hyperscalers,” Wright said. He added that seven utilities expressed interest, but wouldn’t disclose their names or the location of their projects.

Trump’s goal is to quadruple U.S. nuclear power capacity to 400 gigawatts by 2050, which is an aggressive target given that the last reactors built in the U.S. were delayed by seven years and faced billions of dollars in cost overruns.

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Three shuttered nuclear power plants are on track to resume operations in the coming years, including Palisades in Michigan, Three Mile Island in Pennsylvania and Duane Arnold in Iowa.

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During Trump’s first term, he used what was then known as the Loan Programs Office to help finance reactors for the Vogtle nuclear power plant in Georgia.

Wright said that the Energy Department expects the plants’ timing and cost to “well outperform what was done on Vogtle.”

Reuters contributed to this report.

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Exxon Mobil Shares Edge Higher as Oil Giant Advances Texas Move and Eyes Growth Amid Steady Crude Prices

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ASX 200 Top Gainers: Telix Pharma Jumps 3.23% on FDA

NEW YORK — Exxon Mobil Corp. shares rose modestly Tuesday as the energy giant pressed ahead with plans to redomicile to Texas and highlighted its long-term growth strategy in a market buoyed by relatively stable oil prices.

The stock traded at $139.16, up 0.53 percent or 73 cents, in morning trading on the New York Stock Exchange. The move came as broader energy markets reflected ongoing attention to global supply dynamics and corporate restructuring efforts by major producers.

Exxon Mobil announced last week that its planned redomiciliation from New Jersey to Texas will take effect July 1. The shift, approved by shareholders in May, aims to align the company’s legal home with its operational heartland and potentially streamline regulatory and tax considerations.

The company has emphasized that the move supports its focus on delivering long-term value. In its first-quarter 2026 earnings release, Exxon Mobil reported earnings of $4.2 billion, or $1.00 per share. Excluding certain items and timing effects, earnings reached $8.8 billion, or $2.09 per share. Cash flow from operations stood at $8.7 billion.

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Chairman and CEO Darren Woods has repeatedly stressed disciplined capital allocation and investment in high-return projects. The company continues advancing developments in the Permian Basin and Guyana, where production is ramping up toward significant milestones.

Analysts maintain a generally positive outlook. Bank of America recently upgraded the stock to “Buy,” citing attractive valuation and strong fundamentals. Consensus price targets hover around $163 to $170, implying upside from current levels.

Exxon Mobil’s forward dividend yield stands near 3 percent, supported by 43 consecutive years of increases. The company returned $9.2 billion to shareholders in the first quarter through dividends and buybacks.

The energy sector faces a complex backdrop. Oil prices have stabilized following earlier volatility tied to geopolitical developments and demand concerns. Exxon Mobil and peers continue navigating the energy transition while investing in conventional resources to meet near-term needs.

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Strategic Investments and Operational Focus

Exxon Mobil’s strategy centers on leveraging its scale in upstream production, downstream refining, and chemical manufacturing. The company targets annual production growth of approximately 1.8 million oil-equivalent barrels per day by 2026, grounded in value rather than pure volume.

Key projects include expansions in Guyana, where output is expected to exceed 700,000 barrels per day over time. Permian operations also remain a priority, with efficiency gains helping offset cost pressures.

The redomiciliation to Texas aligns with these operational realities. Texas hosts significant portions of Exxon Mobil’s U.S. assets and workforce. Company officials have framed the change as enhancing long-term competitiveness without disrupting day-to-day business.

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Analysts note Exxon Mobil’s balance sheet strength and free cash flow generation as key differentiators. Trailing twelve-month free cash flow exceeded $23 billion, providing flexibility for investments, dividends, and share repurchases.

Market Context and Challenges

Global oil markets remain sensitive to supply shifts from OPEC+ producers and demand signals from major economies. Recent reports of potential U.S.-Iran diplomatic progress added some downward pressure on prices earlier in the month, though benchmarks have since steadied.

Exxon Mobil’s diversified portfolio helps buffer such volatility. Its chemical and refining segments provide counterbalance to upstream swings. First-quarter results showed resilience despite timing effects that pressured reported figures.

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Environmental and regulatory pressures persist. Shareholder proposals on climate and governance issues featured prominently at the May annual meeting, though management maintained strong support for its board and strategy.

The company continues reporting progress on lower-carbon initiatives while prioritizing core hydrocarbon developments. Woods has described the approach as pragmatic, balancing energy security with emission-reduction goals.

Analyst Views and Valuation

Wall Street largely views Exxon Mobil as undervalued relative to its cash flow potential and asset base. Discounted cash flow models suggest intrinsic value well above current trading levels, with some estimates exceeding $270 per share under conservative assumptions.

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Earnings estimates for full-year 2026 reflect optimism around production ramps and efficiency. The stock trades at a forward price-to-earnings multiple in the low 20s, below historical peaks for the sector.

Risks include prolonged low oil prices, execution challenges on major projects, and evolving energy policies. Exxon Mobil’s size and integrated model provide advantages in navigating these uncertainties.

Outlook

As the second quarter progresses, investors will watch for updates on operational milestones and any further details on the Texas transition. Exxon Mobil’s next earnings report is anticipated in late July.

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The company maintains its commitment to disciplined investment and shareholder returns. With shares showing modest gains amid broader market rotation, Exxon Mobil continues positioning itself as a reliable energy supplier capable of adapting to changing conditions.

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Nestle Health Science veteran to lead Ocean Spray

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Nestle Health Science veteran to lead Ocean Spray

Abigail Buckwalter was with Nestle Health Science for nearly 15 years.

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Tram system among transport plans for Bournemouth, Christchurch and Poole

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The idea is part of a 10-year strategy aiming to better connect the region

MetroLink tram from Manchester (credit NQ)

MetroLink tram from Manchester(Image: Local Democracy Reporting Service / NQ)

A tram network could soon be set to revolutionise transport across Bournemouth, Christchurch and Poole.

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The proposal forms part of the BCP Growth Plan, a decade-long vision designed to transform Bournemouth, Christchurch and Poole into a better-connected, more environmentally friendly and inclusive area by 2036.

The blueprint was examined by BCP Council’s Overview and Scrutiny Board on June 15.

A central element of the plan involves enhancing transport links and reducing congestion through environmentally sustainable alternatives such as ultra-light rail.

Councillor Lesley Dedman said: “It is a wonderful wishlist and it does push all the right buttons. We all want these things, for example the advanced manufacturing hub and industrial parks, with these three towns we are short of space so it is those things I am interested in how we are going to work that out.

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“Another thing I am not quite sure on is ultra light railway, what a fantastic idea, I am not to sure what it is but I think again those things have been tried year after year and I really hope we can get something going this time as there has always been a problem.”

Councillor Richard Herrett said: “Not a single post-war tram system has been delivered without central government funding. Which means for a tram system we are likely to need some government funding. As the devolution agenda moves forward there is potential in that, but I think where we are in that scheme remains to be seen.

“Trams are universally loved but they do take up a lot of space and that is another challenge we have in out area. I think we would love a tram system but that government funding can’t come too soon.”

The blueprint also puts forward reopening the Hamworthy branch line and implementing additional improvements to ease congestion, support commerce and enhance travel choices.

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Redevelopment of key locations including Wessex Fields, Bournemouth Airport and Holes Bay also features prominently.

The broader strategy seeks to stimulate job creation, increase affordable housing provision, rejuvenate town centres and strengthen local communities.

It focuses on long-term expansion in established sectors such as financial services, advanced manufacturing and the creative industries.

While councillors generally back the vision, uncertainties persist around practical implementation, funding streams and the plan’s resilience to future challenges.

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A comprehensive report on the growth plan will be considered by cabinet and council at a subsequent meeting.

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Russell 2000 Crosses 3000 Line. It’s Crushing the Mag 7 Lately.

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Barron's

Don’t look now, but the Russell 2000 just hit 3000.

The small-cap index was up 0.7% and trading slightly above the 3000 mark. It first closed above 2000 on Dec. 23, 2020, according to Dow Jones Market Data. It first closed above 1000 on July 5, 2013.

Smaller stocks have been riding a bit of a resurgence this year. The index is up 42% in the past 12 months and 21% this year.

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