Latest news with #May15
Forbes
15-07-2025
- Business
- Forbes
Platinum And Palladium: The Next Bubble Minerals
palladium, a transition metal, used in the production of military aerospace equipment and in the ... More manufacture of catalysts, palladium stones, Metal used in industry. local focus I last wrote about platinum for Forbes on June 23rd. This was the chart: The palladium chart on June 23rd When I first wrote about it here on May 15th, platinum was around $1,000. It is now at $1,400. This is the current situation: The current palladium chart Certainly, a trend of appreciating precious metals is at work, but there is also the theme of 'strategic and critical metals' anxiety pushing platinum. On top of that, under the hood, is AI – not the AI under the hood of cars, but AI as a core driver of market moves. AI means that the internal combustion engine is not going away because the implied future demand for energy is now infinite. This is because the demand for AI is infinite, and AI depends heavily on silicon and pure energy consumption. As such, all forms of energy will be utilized, which is why, if you wondered, nuclear energy is no longer the scourge of humanity and back in favor like it was in the 1950s. As the world continues to burn carbon-based fuels alongside all the other energy-generating materials, you better have platinum to try to clean up the mess. You also better have palladium. The trouble is, only roughly 200 tonnes of each metal are mined every year. That is basically none. Even precious and rare gold has a production of 3,200 tonne a year. I focus on these numbers because they are so simple and stark. 200 tonnes is about what 100 American families consume by weight of stuff a year. It's a rounding error in the modern economic scheme of things. The price of platinum and palladium must rise. It is quite a tricky prospect to ride this near certainty, and as such I hold ETFs and Sibanye Stillwater (NYSE:SBSW). I'm not fan of pricey or difficult-to-hold stocks. This is why physical ETFs are my preferred instrument, and SBSW sneaks in as the only stock I can stomach. Meanwhile, the chartist in me sees palladium as the sweet spot. Here is why: Platinum and palladium charts compared In old market parlance, palladium is the fast horse. But like the market stall trader selling steak knives I have to say, 'That's not all, Mister, take a look at this!' Platinum, palladium and gold charts compared This chart tells a story of platinum and palladium following gold. You expect that, but what you see in 2016 was how gold and platinum used to be valued: they were 1:1. That parity is gone, but why wouldn't it return? Production is 3,200 tonnes for gold and 200 tonnes for platinum, and for a very long time, platinum was more expensive than gold – just as it is for Rolex owners today. From this chart, you can also see how their prices can explode, as palladium did in 2020–2022. The supply is tight because production is so small. In consequence, I am very much talking my own book because I am well vested in platinum and palladium. This technical setup looks spectacular, and the fundamentals are there to back it up. When I started writing about platinum and palladium, it was contrarian. Not anymore.
News.com.au
05-06-2025
- General
- News.com.au
‘Shattered': Mum breaks silence after housemates charged with murder of Pheobe Bishop
The mother of missing teenager Pheobe Bishop has shared her grief after the girl's housemates were charged with her murder, pleading for information that would allow her to lay her child to rest. On Thursday evening, police charged James Wood, 34, and Tanika Bromley, 33, with murder and interfering with a corpse in relation to the disappearance of the teenager. Pheobe had been living with the pair before she vanished on May 15. Her mother, Kylie Johnson, said her world was 'shattered' by the news and begged for her daughter's remains to be located. 'Our world has just been shattered into the most horrific place I've ever been,' she wrote. 'I need my baby home to put her to rest! 'I'm absolutely begging anyone that knows anything to come forward. WE need to put her to rest, we need to put her to peace. 'My heart is holding onto every little memory and hope that you come home to us Phee Phee. 'The little internal family jokes, the little digs at your siblings and the love that you all unconditionally shared. 'The fierceness of that was beyond beautiful and unique.' Ms Johnson recalled how close Pheobe and her siblings were, and noted how special their 'emotional connection' was. 'I remember someone commenting once that you were all so co-dependent that you finished each other sentences. This statement made me the happiest mum alive!' she wrote. 'Your sibling bond is deep, meaningful and makes my heart so happy. 'The emotional connection, love and friendship has always been unmatched and unquestioned.' On Thursday, Queensland Police announced two people had been arrested and charged with one count each of murder and two counts each of interfering with a corpse. The teenager's remains are yet to be found. 'Pheobe has not been seen or heard from since May 15,' the police statement read. 'The remains of Pheobe Bishop have not been located to date.' The two charged are set to appear in Bundaberg Magistrates Court on Friday. Mr Wood was initially arrested and taken into custody on Wednesday June 4, but was released that night without charge. Pheobe was last seen by her housemates, who told police they were driving her to Bundaberg Airport from their home in Gin Gin in Ms Bromley's grey Hyundai ix35 on May 15. The teenager intended to fly from Bundaberg to Brisbane, then on to Perth to see her boyfriend. She never boarded the flight. Detectives have conducted several searches of the area, Good Night Scrub National Park , as well as forensic examinations of the Gin Gin property and the Hyundai ix35. 'Detectives continue to investigate this matter, and physical searches will continue as needed as information is provided,' police said on Thursday night.
ABC News
04-06-2025
- ABC News
Missing teenager's housemate released without charge
Pheobe Bishop was due to board a plane on May 15 but has not been seen or heard from since. ( Supplied: Kylie Johnson )
CBC
28-05-2025
- General
- CBC
The moment family meets Good Samaritans who helped save their loved one's life
When 87-year-old Sabato Borrelli went into cardiac arrest May 15, a group of strangers stepped in to help. After reading about Borrelli's recovery, one of them reached out to CBC.
Yahoo
25-05-2025
- Business
- Yahoo
26.4% of Warren Buffett's $258 Billion Portfolio Is Invested in 2 Leading Artificial Intelligence Stocks
Warren Buffett isn't known for his technology investments, but he will make an exception for particularly interesting players. He's held these two for years, and one is even his biggest position. 10 stocks we like better than Apple › Four times every year, we get a fantastic opportunity to take a peek inside top investor Warren Buffett's portfolio to see which stocks he's recently bought or sold. At the same time, we can examine which stocks have been around for a while and could be considered key positions for the billionaire. This moment happens as managers of more than $100 million in U.S. securities are required to file Form 13F, detailing their latest moves, to the Securities and Exchange Commission. It happens quarterly, this past May 15 being the latest deadline for first-quarter trades. Here, we can see that Buffett, as chairman of Berkshire Hathaway, continued to maintain his position in two top artificial intelligence (AI) stocks. In fact, together, they make up more than 26% of his $258 billion portfolio. Buffett isn't known for investing in technology, but he and his managers have made exceptions for certain incredible businesses with strong competitive positions. Of course, in true Buffett style, he's always gotten in on these players when they've traded for reasonable prices. Let's check out these two AI leaders that Buffett loves and consider whether they're still buys today. Warren Buffett bought Apple (NASDAQ: AAPL) shares in the first quarter of 2016 and progressively added to his position until it became his very biggest. In fact, even after Buffett sold shares of the company last year, it remains his largest holding. Comments he's made throughout the years suggest Apple and its CEO, Tim Cook, remain near and dear to his heart. During the recent Berkshire Hathaway shareholder meeting, Buffett even thanked Cook for the performance he's driven at Apple. Buffett said the late Apple co-founder Steve Jobs "really made the right decision" when choosing Cook to take over. Apple clearly has something Buffett cherishes: a solid moat or competitive advantage. This takes the form of Apple's brand, which is so strong that customers wait eagerly for the next product update and won't switch from the company's flagship product, the iPhone, even though other brands are cheaper. Now, Apple is infusing its products with AI in the form of Apple Intelligence. Apple wasn't first to the AI market, instead preferring to take its time to develop tools suited to its style. Apple Intelligence's very own foundation models power features that can make a difference in users' daily lives -- from writing tools to a smooth connection to ChatGPT. Requests are processed either on-device or in the cloud, but in both cases, the focus is on something very important to Apple: privacy. Cook says AI is making a difference for growth, with the iPhone 16 performing better in markets where Apple Intelligence is available than in markets where it has yet to be launched. Apple stock has slipped in recent weeks on concerns about the company's manufacturing dependence on China -- a country the U.S. has particularly focused on for import tariffs. But a recent initial deal between the two countries suggests the impact on companies such as Apple will be limited. On top of this, Apple has made efforts to diversify its manufacturing base, transitioning some business to India and Vietnam. All of this means that today, trading at 28 times forward earnings estimates, down from 35 times at the start of the year, Apple looks like a great buy for long-term investors. Warren Buffett once publicly chastised himself for not buying Amazon (NASDAQ: AMZN) sooner. "I blew it," he told CNBC in a 2018 interview. He said he didn't realize the company's true potential. But the following year, Amazon appeared on Berkshire Hathaway's 13F after one of Buffett's investment managers bought the shares. Amazon has remained a Berkshire Hathaway holding ever since. Buffett's comments during that 2018 interview show that he's impressed by all that Amazon has accomplished, so it's not surprising that Buffett has held on to the company after the initial Amazon buy. Amazon has "far surpassed anything I would have dreamt could have been done," Buffett said in the CNBC interview. So, let's take a quick look at this company that, though a small part of Buffett's portfolio, has securely kept its spot. Amazon is an e-commerce giant and generates explosive growth in this market, but its biggest profit driver is its cloud computing business, Amazon Web Services (AWS). The great news is that AWS has become a giant in AI, a market expected to reach into the trillions of dollars by the 2030s. AWS, which offers customers a wide range of AI products and services, has already gained from its investment in this technology. In the recent quarter, Amazon said AWS reached a $117 billion annual revenue run rate, thanks to demand from AI customers. And since Amazon is the worldwide leader in cloud services, it's well positioned to keep growing its AI customer base. All of this is set against the backdrop of an already solid earnings picture. Over time, the company has increased revenue and net income into the billions of dollars. So, today, trading at 32 times forward earnings estimates, down from about 45 times in December, this stock looks like another Warren Buffett favorite that makes a smart long-term buy for both growth and security. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $639,271!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $804,688!* Now, it's worth noting Stock Advisor's total average return is 957% — a market-crushing outperformance compared to 167% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Adria Cimino has positions in Amazon. The Motley Fool has positions in and recommends Amazon, Apple, and Berkshire Hathaway. The Motley Fool has a disclosure policy. 26.4% of Warren Buffett's $258 Billion Portfolio Is Invested in 2 Leading Artificial Intelligence Stocks was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
