TomasSereda/iStock via Getty Images Franco-Nevada ( FNV ) +2.3% in early trading Monday after saying it agreed to a A$220M (~US$155M) funding package with Minerals 260 Ltd. to accelerate the development of the Bullabulling gold project in Western Australia, in the company's biggest-ever royalty bet in Australia. Under the deal terms, Franco-Nevada ( FNV ) will ac quire a A$170M gross royalty from ...
TomasSereda/iStock via Getty Images Franco-Nevada ( FNV ) +2.3% in early trading Monday after saying it agreed to a A$220M (~US$155M) funding package with Minerals 260 Ltd. to accelerate the development of the Bullabulling gold project in Western Australia, in the company's biggest-ever royalty bet in Australia. Under the deal terms, Franco-Nevada ( FNV ) will ac quire a A$170M gross royalty from Minerals 260 Ltd. to support its development of Bullabulling and agreed to subscribe for A$50M of Minerals 260's ordinary shares. The deal will lift Franco-Nevada’s ( FNV ) existing 1% gross royalty over certain project tenements to an effective 2.45% gross royalty across a broader Bullabulling land package covering all mineral resources and an area of interest. Minerals 260 said Franco-Nevada ( FNV ) will also invest A$50M in its stock, buying a 4.9% stake for A$0.45/share. Bullabulling is one of Australia's larger near-term gold projects, with an existing resource of 3M oz in the indicated category (93M metric tons at 1.0 g/t) and 1.5M oz inferred (42M metric tons at 1.1 g/t). More on Franco-Nevada Franco-Nevada: I See An Affordable Alternative Franco-Nevada: A High-Quality Compounder Worth Paying Up For (Rating Upgrade) Seeking Alpha’s Quant Rating on Franco-Nevada
US natural gas futures rose slightly Monday as traders factored in a blizzard slamming into the Northeast pushing up demand for the heating and power-plant fuel being largely offset by the storm knocking out power for half a million customers in the region. By 9 a.m. New York time, almost all of the gains made in early Asian trading had been erased. Futures for March delivery +2.7c, or +0.9%, to $...
US natural gas futures rose slightly Monday as traders factored in a blizzard slamming into the Northeast pushing up demand for the heating and power-plant fuel being largely offset by the storm knocking out power for half a million customers in the region. By 9 a.m. New York time, almost all of the gains made in early Asian trading had been erased. Futures for March delivery +2.7c, or +0.9%, to $3.074/mmbtu on Nymex, as of 9:32am ET Futures rose as much as 6.8% in early Asian trading March futures expire on Feb. 25 Weather: Weather forecasts shifted colder over the weekend, with cold weather expected to linger in the Northeast through March 4: Commodity Weather Group Above-average temperatures were expected across the US South through March 9 See WHUT for a map of latest 6-10 day weather forecast: NOAA Click here for two-week temperature forecasts for the U.S. Daily BNEF Gas Data: Lower-48 dry gas production on Monday ~111.1 bcf/day, or +6.4% y/y Lower-48 total gas demand on Monday ~107.4 bcf/day, or +13.8% y/y Dry gas exports to Mexico on Monday ~4.8 bcf/day, or -33% w/w Lowest since Dec. 25, 2024 Estimated gas flows to LNG export terminals on Monday ~20.0 bcf/day, or +2.2% w/w Gas Market News: European Gas Holds Drop as Weather, Imports Help Supply Balance LNG WRAP: Thailand Looks to Buy Shipments Ahead of Hot Season Funds Boosted US Gas Short Bets Before Winter Storm: BNEF Chart Anadarko Basin Nat Gas Production Falls an Estimated 1.3%: BNEF
deepblue4you Real estate and PropTech enterprise La Rosa Holdings ( LRHC ) said CEO Joe La Rosa and COO Deana La Rosa have opted to reduce their base salaries by 60%. The voluntary reductions are effective March 15. The Celebration, Florida-based company said it is evaluating operations across the organization, reducing overhead, restructuring or exiting underperforming subsidiaries, and reallocat...
deepblue4you Real estate and PropTech enterprise La Rosa Holdings ( LRHC ) said CEO Joe La Rosa and COO Deana La Rosa have opted to reduce their base salaries by 60%. The voluntary reductions are effective March 15. The Celebration, Florida-based company said it is evaluating operations across the organization, reducing overhead, restructuring or exiting underperforming subsidiaries, and reallocating capital toward higher-impact initiatives. More on La Rosa Holdings La Rosa Holdings eliminates $5.5 million in convertible debt La Rosa Holdings signs contract to acquire development site in Florida for proposed AI-data center Seeking Alpha’s Quant Rating on La Rosa Holdings Financial information for La Rosa Holdings
EU To Freeze Trade Deal With US After Supreme Court Overturns Trump Tariffs Update (9:40am ET) : In response to the EU's decision to freeze ratification of Trump's landmark deal, the US president has come out swinging and on Truth Social threatened any countries that "play games" with the supreme court decision that they "will be met with a much higher tariff." It just isn't clear what the procedu...
EU To Freeze Trade Deal With US After Supreme Court Overturns Trump Tariffs Update (9:40am ET) : In response to the EU's decision to freeze ratification of Trump's landmark deal, the US president has come out swinging and on Truth Social threatened any countries that "play games" with the supreme court decision that they "will be met with a much higher tariff." It just isn't clear what the procedure for these much higher tariffs - aside from Section 122 which is limited to 150 days - will be now that IEEPA has been ruled unconstitutional. Earlier: In the aftermath of Friday's SCOTUS decision to reverse Trump's tariff policy, one lingering question is what happens to the bilateral trade deals Trump struck with various countries (and which supposedly would lead to hundreds of billions of fresh investment into the US). Well, in the case of the EU we no longer have to wonder: The morning, the European Union said it would freeze the ratification process of its trade deal with the US and was seeking more details from the Trump administration on its new tariff program. Zeljana Zovko, the lead trade negotiator in the European People’s Party group on the US deal, said in an interview with Bloomberg that “we have no other option” but to delay the approval process to seek clarity on the situation. The main political groups in the European Parliament say they’ll suspend legislative work on approving the trade deal on Monday, days after the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world. The center-right EPP, which is the largest political bloc in parliament, will be joined by parties including the Socialists & Democrats and the liberal Renew group to back freezing the process. According to Bloomberg , Bernd Lange - chairman of the parliament’s trade committee - called an emergency meeting later Monday to reassess the EU-US trade accord. He said over the weekend that parliament should delay work on ...
Thousands are without power and 10,000 flights have been canceled as a powerful storm rips up the US East coast. Travel bans are in place around the New York City area. ABC's Lionel Moise has more from New York. (Source: Bloomberg)
Thousands are without power and 10,000 flights have been canceled as a powerful storm rips up the US East coast. Travel bans are in place around the New York City area. ABC's Lionel Moise has more from New York. (Source: Bloomberg)
A new harbourfront event space featuring exhibitions, performances and pet-friendly facilities will open in Hung Hom next month, after Hong Kong granted a three-year tenancy for the former railway freight pier to a firm with links to mainland China. The Development Bureau said on Monday that it had granted the tenancy to Bay Area Media, whose parent company is Bauhinia Culture (Hong Kong) Holdings...
A new harbourfront event space featuring exhibitions, performances and pet-friendly facilities will open in Hung Hom next month, after Hong Kong granted a three-year tenancy for the former railway freight pier to a firm with links to mainland China. The Development Bureau said on Monday that it had granted the tenancy to Bay Area Media, whose parent company is Bauhinia Culture (Hong Kong) Holdings. The site will be developed into a harbourfront event space and gradually opened to the public in...
Dividends are moving up for three mid-to-high yield stocks that are big-time players in their respective industries. Their yields sit between 2.5% and 4%.
Dividends are moving up for three mid-to-high yield stocks that are big-time players in their respective industries. Their yields sit between 2.5% and 4%.
Getty Images Investment Rating - "Hold" UBS Group AG ( UBS ) has always been a big financial institution, and after merging with Credit Suisse in 2023, it is now one of the biggest international diversified banks, with a market cap of over $130 billion. UBS reported its Q4 financials about two weeks ago, and while the results seem to have outperformed most analysts' consensus views on the bottom l...
Getty Images Investment Rating - "Hold" UBS Group AG ( UBS ) has always been a big financial institution, and after merging with Credit Suisse in 2023, it is now one of the biggest international diversified banks, with a market cap of over $130 billion. UBS reported its Q4 financials about two weeks ago, and while the results seem to have outperformed most analysts' consensus views on the bottom line and the new "one bank" initiative seems to have worked, I don't like the fact that investors need to overpay for the level of risks and uncertainties that UBS inherited from CS. When I first looked at this bank and saw its latest report, I thought that it deserved a "Buy," but after assessing some idiosyncratic risks and events, and also after taking a look at UBS's valuation setup, I decided that the best I could give was a "Hold." Q4 Earnings Discussion We saw UBS's full-year earnings were $7.767 billion (+53% YoY) amid total revenues of $49.573 billion. For the Q4 alone, they showed $1.119 billion in net income, which was +56% YoY. The EPS of $0.37 came in above analysts' expectations (they were expecting only ~$919 million in net income; UBS beat the consensus quite easily this time). After merging Credit Suisse's assets — they've already integrated about 85% of CS assets into the new structure — the bank's invested assets now exceed $7 trillion for the first time, which is almost 75% more than what JPMorgan ( JPM ) had as of late 2025. The "one bank" strategy that UBS is still trying to implement is bringing solid results. For example, their consolidated Global Wealth Management (GWM) segment saw its transaction‑based income rise by 20% YoY in Q4, while at the same time, the IB segment had its strongest top‑line year on record, with total revenues rising to about $11.8 billion (+18% YoY). Most Q4 headline figures look solid at first glance. However, when we take a closer look at what exactly drove the earnings dynamics for the quarter, we'll notice that UBS recogni...
The US Supreme Court agreed to hear an appeal by Exxon Mobil Corp. and Suncor Energy Inc. in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change. The justices will review a Colorado Supreme Court ruling that said the city and county of Boulder could use state law to press a suit against the two companies. Similar suits around the country ultimately...
The US Supreme Court agreed to hear an appeal by Exxon Mobil Corp. and Suncor Energy Inc. in an industry bid to stop dozens of city and state lawsuits that blame oil companies for climate change. The justices will review a Colorado Supreme Court ruling that said the city and county of Boulder could use state law to press a suit against the two companies. Similar suits around the country ultimately could cost the industry billions of dollars if the Supreme Court lets them go forward. The decision to hear the Colorado case came after the Trump administration, business groups and conservative organizations filed a flurry of briefs urging the court to take up the appeal. “The stakes in this case could not be higher,” Exxon and Suncor argued. The suits seek to “impose untold damages on energy companies for the physical and economic effects of climate change.” Boulder says the oil companies misled the public about the risks of climate change and knowingly contributed to the phenomenon by producing and promoting fossil fuels. Boulder says the companies should cover some of the costs state and local governments are incurring to cope with the problem. The oil companies argue in their appeal that the Constitution doesn’t permit state-law suits aimed at addressing a global issue like climate change. “Boulder, Colorado, cannot make energy policy for the entire country,” the companies contended. Boulder urged the Supreme Court not to hear the appeal, blasting the companies’ argument as “a constitutional theory they have yet to convince any appellate court to adopt.” The Supreme Court in January turned away oil company appeals in a similar case pressed by Honolulu. And in March the justices spurned an unusual bid by 19 Republican-run states to directly sue five Democratic-run states at the Supreme Court in an attempt to derail the lawsuits. The Supreme Court in 2023 turned away company appeals that sought to shift the lawsuits into federal court, where corporate defendants often ...
Sundry Photography/iStock Editorial via Getty Images Pure Storage ( PSTG ) has rebranded itself as Everpure to better reflect the company's transition to defining the future of data management in an increasingly AI-powered world. The name Everpure will appear on the New York Stock Exchange on March 5, but its ticker ( PSTG ) will remain the same. Shares had declined 3% during early market action o...
Sundry Photography/iStock Editorial via Getty Images Pure Storage ( PSTG ) has rebranded itself as Everpure to better reflect the company's transition to defining the future of data management in an increasingly AI-powered world. The name Everpure will appear on the New York Stock Exchange on March 5, but its ticker ( PSTG ) will remain the same. Shares had declined 3% during early market action on Monday. "Everpure reflects the company we have become as we help enterprises unleash the full power of their data," said Everpure CEO Charles Giancarlo. "It captures the power of our Enterprise Data Cloud architecture and adaptability of Evergreen, reinforcing what has always set us apart as we redefine important markets." The company was founded under the name Pure Storage in 2009, and it went public in 2015. As part of the name-change announcement, Everpure also revealed its plan to acquire 1touch, a data security and privacy platform that uses contextual AI for enterprise data discovery, classification, and management, often used to secure sensitive data. "With 1touch, we are taking the next step in helping organizations not only gain control of their most valuable asset—data—but also understand, enhance, and contextualize that data for actionable intelligence," Giancarlo added. Financial details of the proposed transaction were not released, but Everpure expects the deal to close during the second quarter of fiscal year 2027. "Data is the lifeblood of the AI era, but without the proper controls and semantic context, it remains an untapped resource," said Ashish Gupta, CEO of 1touch. "By joining forces with Everpure, we can eliminate the barriers that have kept enterprises from realizing the true ROI of their data. Together, we will further expand the Everpure platform to provide a level of contextual intelligence that is unmatched in the industry—giving customers the foundation they need to move AI projects from pilot to production at record speed and trust." More on ...