Sky_Blue/iStock Unreleased via Getty Images Panama's President ordered the occupation of two ports run by a unit of CK Hutchison ( CKHUY ) ( CKHUF ) after the country's Supreme Court ruled against the Hong Kong-based firm's concession, and the decision was published in the government's official gazette, clearing the way for A.P. Moller-Maersk's ( AMKBY ) ( AMKAF ) APM Terminals to temporarily oper...
Sky_Blue/iStock Unreleased via Getty Images Panama's President ordered the occupation of two ports run by a unit of CK Hutchison ( CKHUY ) ( CKHUF ) after the country's Supreme Court ruled against the Hong Kong-based firm's concession, and the decision was published in the government's official gazette, clearing the way for A.P. Moller-Maersk's ( AMKBY ) ( AMKAF ) APM Terminals to temporarily operate the ports. Mulino said the occupation applies to movable equipment at the ports and "does not imply the definitive loss of ownership rights," and that the state will return the property to its owners "when the determining reason for the occupation ceases." The president said the arrangement would remain in place while the state develops a new long-term concession framework to be awarded in the future. The decision handed a political win to President Trump's push to curb China's influence over strategic infrastructure in Latin America. More on A.P. Møller-Maersk and CK Hutchinson A.P. Møller-Maersk Q4 2025 Earnings Call Presentation Maersk: Upside From The Q3 '25 Period With A Guidance Increase CK Hutchison: Focus On Results Preview And Port Disposal
Collins ‘honoured and ecstatic’ to play Hepburn, in film charting the dramatic making of the 1961 romantic comedy Lily Collins, the star of Netflix hit Emily in Paris, has been cast to play Audrey Hepburn in a new film about the making of her 1961 romantic comedy Breakfast at Tiffany’s. The as-yet-untitled film will be based on Sam Wasson’s nonfiction book Fifth Avenue, 5 AM: Audrey Hepburn, Break...
Collins ‘honoured and ecstatic’ to play Hepburn, in film charting the dramatic making of the 1961 romantic comedy Lily Collins, the star of Netflix hit Emily in Paris, has been cast to play Audrey Hepburn in a new film about the making of her 1961 romantic comedy Breakfast at Tiffany’s. The as-yet-untitled film will be based on Sam Wasson’s nonfiction book Fifth Avenue, 5 AM: Audrey Hepburn, Breakfast at Tiffany’s and the Dawn of the Modern Woman, with a script written by Alena Smith, creator of the Apple TV series Dickinson. No director has been announced yet. Continue reading...
Anthropic is offering some current and former employees the ability to sell shares in the company at a valuation of about $350 billion, according to people familiar with the matter — allowing them to cash in at the level of a recent $30 billion fundraising . The company has lined up $5 billion to $6 billion for the share sale, but the final amount will depend on how many eligible Anthropic employe...
Anthropic is offering some current and former employees the ability to sell shares in the company at a valuation of about $350 billion, according to people familiar with the matter — allowing them to cash in at the level of a recent $30 billion fundraising . The company has lined up $5 billion to $6 billion for the share sale, but the final amount will depend on how many eligible Anthropic employees opt to sell, said one of the people, who asked not to be identified because the information is private. The details have not been finalized and could still change. Anthropic’s latest funding round, completed earlier this month , valued the company at $380 billion post-money, including the cash investors put in. Anthropic declined to comment on the new share sale. Outside investors — not Anthropic — will be buying up the insider shares. The deal will be open to current and former employees who have worked at the company for at least 12 months, one of the people said. Secondary share sales are an increasingly popular way for startups to give staff a way to benefit from a startup’s valuation growth even without an acquisition or initial public offering. The tactic has become important in a competitive AI hiring landscape, as more large startups choose to stay private longer. Stripe Inc. and SpaceX have also allowed staffers to sell stock. OpenAI , Anthropic’s biggest rival, has routinely done share sales, including a $6.6 billion secondary at a $500 billion valuation last year . Anthropic, OpenAI and SpaceX have recently taken steps toward initial public offerings.
At least 73 people died in Mexico’s attempt to capture the notorious leader of the Jalisco New Generation Cartel and the violent aftermath of his death, authorities said on Monday as much of the country feared another wave of violence. The body count taken by security officials included security forces, suspected cartel members and others. Officials did not offer details and the circumstances of m...
At least 73 people died in Mexico’s attempt to capture the notorious leader of the Jalisco New Generation Cartel and the violent aftermath of his death, authorities said on Monday as much of the country feared another wave of violence. The body count taken by security officials included security forces, suspected cartel members and others. Officials did not offer details and the circumstances of most of the deaths were unclear. Nemesio Oseguera Cervantes, or “El Mencho”, was the boss of one of...
Drew Wilkerson, CEO of RXO, discusses the company’s latest quarterly truckload forecast, highlighting an upswing in the trucking market following a period of deflationary pressure. He speaks with Romaine Bostick and Kristine Aquino on "The Close." (Source: Bloomberg)
Drew Wilkerson, CEO of RXO, discusses the company’s latest quarterly truckload forecast, highlighting an upswing in the trucking market following a period of deflationary pressure. He speaks with Romaine Bostick and Kristine Aquino on "The Close." (Source: Bloomberg)
Trevor Williams/DigitalVision via Getty Images There is no shortage of income-oriented strategies built around technology stocks, with many of them selling covered calls on the NASDAQ 100. The Kurv Technology Titans Select ETF ( KQQQ ) is another fund that seeks to generate large monthly payouts from technology stocks, but it takes a far more active and flexible approach. Underlying holdings do no...
Trevor Williams/DigitalVision via Getty Images There is no shortage of income-oriented strategies built around technology stocks, with many of them selling covered calls on the NASDAQ 100. The Kurv Technology Titans Select ETF ( KQQQ ) is another fund that seeks to generate large monthly payouts from technology stocks, but it takes a far more active and flexible approach. Underlying holdings do not track indices, and options-selling activity is far more diverse than simple covered calls. Early performance from KQQQ has shown that this active management can result in superior total returns, but recent performances also reveal the risks with KQQQ's strategy. KQQQ also has a bit of an identity issue at the moment, where the fund managers are shifting their direction towards higher yield and inherently riskier trades. This may not be the best given current market conditions. I rate KQQQ a Sell and recommend investors opt for more proven technology income funds. KQQQ's Strategy And Its Potential Benefits There are a couple of categories that technology-oriented income funds generally fall under. There are those that are almost completely passive and index-backed, where underlying holdings typically track an index like the NASDAQ 100, and option trades are fixed covered calls on the same index. The Global X NASDAQ 100 Covered Call ETF ( QYLD ) is an example of this, where calls are sold at-the-money ("ATM") every month, and the underlying holdings consist of the NASDAQ 100 constituents. The next level is made up of funds that may passively track an index in its underlying holdings, but take a more active approach to managing options. An example would be the NEOS Nasdaq-100 High Income ETF ( QQQI ) where underlying holdings are the NASDAQ 100 constituents, but monthly options will vary significantly in their strike prices and even notional value at the discretion of the fund managers. At this level, many fund managers may even use additional options strategies like credit ...
Aaron Ford, Nevada Attorney General, discusses the recent 6–3 Supreme Court of the United States ruling that struck down tariffs imposed during the Trump administration. He tells Romaine Bostick and Kristine Aquino on "The Close" that the decision was expected and legally justified. (Source: Bloomberg)
Aaron Ford, Nevada Attorney General, discusses the recent 6–3 Supreme Court of the United States ruling that struck down tariffs imposed during the Trump administration. He tells Romaine Bostick and Kristine Aquino on "The Close" that the decision was expected and legally justified. (Source: Bloomberg)
Amundi is warming to Japanese government bonds for the first time in three decades as Europe’s biggest asset manager joins a growing group of foreign investors taking a long-term bullish view on the nation’s debt. Amundi, which oversees $2.8 trillion in client assets, shifted last week into a “slightly overweight” position compared with the benchmarks it tracks and will gradually go long on Japane...
Amundi is warming to Japanese government bonds for the first time in three decades as Europe’s biggest asset manager joins a growing group of foreign investors taking a long-term bullish view on the nation’s debt. Amundi, which oversees $2.8 trillion in client assets, shifted last week into a “slightly overweight” position compared with the benchmarks it tracks and will gradually go long on Japanese debt in some of its global fixed-income and diversified portfolios, Chief Investment Officer Vincent Mortier said in an interview. “This is the first time in 30 years that we are liking JGBs,” he said. Political stability, an improving economy and a push to raise interest rates by the Bank of Japan are luring investors like Amundi and Jupiter Asset Management . Unpredictable policymaking in Washington is encouraging portfolio managers to look beyond US assets, while the years of rock-bottom returns that crushed overseas interest appear to have ended. A key trigger for Amundi’s move was Japanese Prime Minister Sanae Takaichi ’s landslide victory in Lower House elections earlier this month, Mortier said. “We have clarity on policymaking after the election, and in particular, the management of debt and the commitments from Takaichi on the way to finance her program,” he said. “What we have seen is reassuring.” Steepener Bets The French asset manager started out the year slightly underweight JGBs in its global portfolio. Yields on 30-year Japanese bonds have tumbled about 60 basis points over the past month, reversing a surge in the run-up to the Feb. 8 vote that took them to their highest level in decades. Now, Amundi is putting on a steepening position, buying 10-year bonds while selling the 30-year maturity. The 10-year yield has tumbled to around 2.1%, from nearly 2.4% just a month ago. “If JGB rates were to drift higher, we are pretty convinced it would trigger some interest from buyers that will push rates back to where they are,” he said. Current yields are “quite fai...
Alllex/E+ via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist Gold has been on absolute fire lately, though with increased volatility in more recent weeks. That's garnered much attention in this metal, and we have previously given income-generating gold ETFs a look. This turns a usually non-cash-flowing asset into generating monthly or sometimes even weekly distributions to ...
Alllex/E+ via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist Gold has been on absolute fire lately, though with increased volatility in more recent weeks. That's garnered much attention in this metal, and we have previously given income-generating gold ETFs a look. This turns a usually non-cash-flowing asset into generating monthly or sometimes even weekly distributions to investors. In our previous write-up, we highlighted 5 different ETFs that provide that function to investors. Today, we'll be giving another name a look: Strategy Shares Gold Enhanced Yield ETF ( GOLY ). This is a fairly unique fund in that they are looking to achieve exposure to gold but also combine fixed-income investments. GOLY Basics Dividend Frequency: Monthly Dividend Yield: 3.22% SEC yield, ~7% Distribution Yield Expense Ratio: 0.79% Leverage: N/A Managed Assets: $122 million Structure: Active ETF GOLY's investment objective is to "seek income and long-term capital appreciation." In an effort to achieve that, the fund "invests in a portfolio composed of three components: a Gold Component, a Bond Component, and a Commodity Basket Component." It is important to note that this fund changed its name and strategy on January 5, 2025. It was previously the Strategy Shares Gold-Hedged Bond ETF, so performance prior to that is less relevant. Further, the distribution was really impacted as well. After the strategy shift, the payouts increased meaningfully. They tout that the fund has "been paying a consistent 5% annualized distribution monthly," but it has been more than that, closer to 7% TTM. GOLY Distribution History (Seeking Alpha) Portfolio Construction I would want to start off by mentioning that any investing strategy has its own positives and negatives. In terms of most of these ETFs, they incorporate options, and that can change the risk/reward profile from an ETF that would otherwise be focused entirely on long gold positions. Primarily, they utilize short call pos...