March 2: PBOC cuts forex risk reserve ratio The People’s Bank of China will lower the foreign exchange risk reserve ratio for forward forex business to zero from 20%. The move eliminates the need for banks to deposit these non-interest-bearing funds, thereby reducing hedging costs for enterprises and encouraging better management of exchange rate risks. March 2: MWC Barcelona 2026 opens
March 2: PBOC cuts forex risk reserve ratio The People’s Bank of China will lower the foreign exchange risk reserve ratio for forward forex business to zero from 20%. The move eliminates the need for banks to deposit these non-interest-bearing funds, thereby reducing hedging costs for enterprises and encouraging better management of exchange rate risks. March 2: MWC Barcelona 2026 opens
Got battered at the polls? No problem. Just act like voters want more of what you’re selling – not considerably less As David Lammy put it on Thursday in a dispatch from Gorton and Denton: “Only Labour can stop Reform.” And listen, stopping them by taking third place and haemorrhaging half your support from a general election that took place 19 months ago in an area where you haven’t lost an elect...
Got battered at the polls? No problem. Just act like voters want more of what you’re selling – not considerably less As David Lammy put it on Thursday in a dispatch from Gorton and Denton: “Only Labour can stop Reform.” And listen, stopping them by taking third place and haemorrhaging half your support from a general election that took place 19 months ago in an area where you haven’t lost an election for almost 100 years is definitely an intriguing way to do it. Only the Tories sound more furniture-munchingly insane after the Green win last night, announcing the result shows that “only the Conservatives have the experience, the plans and the team to ensure a stronger economy and a stronger country”. Guys? Your candidate LOST THEIR DEPOSIT . Your candidate pulled in the worst ever English byelection result in Conservative party history. This is a bit like the German military surfacing the morning after Operation Bagration in 1944, surveying the wreckage of the eastern front and declaring: “Lads, we’ve got this. Trust the process!” Marina Hyde is a Guardian columnist Continue reading...
ISSCC 2026: AMD discloses how the Instinct MI355X doubled per-CU throughput despite lower compute unit count — 'We are actually matching the performance of the more expensive and complex GB200' Tom's Hardware
ISSCC 2026: AMD discloses how the Instinct MI355X doubled per-CU throughput despite lower compute unit count — 'We are actually matching the performance of the more expensive and complex GB200' Tom's Hardware
Monroe Capital Chair and CEO Ted Koenig discusses the state of the private credit market and expresses his concern about private assets in 401(k) plans on "Bloomberg Open Interest." (Source: Bloomberg)
Monroe Capital Chair and CEO Ted Koenig discusses the state of the private credit market and expresses his concern about private assets in 401(k) plans on "Bloomberg Open Interest." (Source: Bloomberg)
da-kuk/E+ via Getty Images Marathon Asset Management founder and CEO Bruce Richards has raised alarm bells about the private credit sector’s heavy exposure to the software industry, warning that default rates in software-exposed private credit markets could surge past 15%. R ichards shared his concerns in a recent interview with Bloomberg Television. The veteran asset manager pointed to concentrat...
da-kuk/E+ via Getty Images Marathon Asset Management founder and CEO Bruce Richards has raised alarm bells about the private credit sector’s heavy exposure to the software industry, warning that default rates in software-exposed private credit markets could surge past 15%. R ichards shared his concerns in a recent interview with Bloomberg Television. The veteran asset manager pointed to concentration risk as a key vulnerability in the private credit space. According to Richards, the sector has become overly reliant on software companies, creating systemic risks that investors may be underestimating. Private credit has experienced explosive growth lately as institutional investors searched for yield in a challenging market environment. However, Richards’ warning suggests that the sector’s rapid expansion may have come at the cost of adequate diversification and risk management. The potential for double-digit default rates in software-exposed portfolios could have significant implications for pension funds, endowments, and other institutional investors that have allocated heavily to private credit strategies. Many of these investors were attracted by the asset class’s perceived stability and attractive returns. Richards’ cautionary outlook adds to growing concerns among market observers about valuations and credit quality in the private lending space. As interest rates and economic conditions continue to evolve, the concentration risks he identified could become increasingly relevant for portfolio managers evaluating their private credit allocations. More related stories Fed Rate Cuts On Hold, But Liquidity Conditions Still Look Supportive For Stocks They Said Stocks Would Only Return 6%, They Were Wrong Follow Rates Of Change To Be Ahead Of The Curve In 2026 SA Analyst says market rotation deepens as Nvidia slides South Korea’s KOSPI soars 175% on AI momentum, but concentration risks intensify
Oselote/iStock via Getty Images Introduction Hut 8 Corp. ( HUT ) is being valued as if its transformation into a digital infrastructure platform is already complete. It isn't. The company has made genuine progress. It has signed contracts, developed a credible energy pipeline, and achieved compute revenue that more than doubled in fiscal 2025. The stock, however, trades at roughly three times the ...
Oselote/iStock via Getty Images Introduction Hut 8 Corp. ( HUT ) is being valued as if its transformation into a digital infrastructure platform is already complete. It isn't. The company has made genuine progress. It has signed contracts, developed a credible energy pipeline, and achieved compute revenue that more than doubled in fiscal 2025. The stock, however, trades at roughly three times the forward EV/EBITDA multiple of its large-cap mining peers, implying that structural diversification has already shown up in earnings. The Revenue Picture Hut 8 posted 45% year-over-year revenue growth in fiscal 2025 , with total revenue reaching $235.1 million. That puts it in the middle of the large-cap mining peer group . According to Seeking Alpha figures, Riot Platforms, Inc. ( RIOT ) posted 103.6% over the same period. MARA Holdings, Inc. ( MARA ) came in at 53.5%. That would be unremarkable if forward profitability was above peers, but Hut 8 is expected to post approximately -14% forward EBITDA growth. Riot stands at 11.7%, and Marathon is at 15.6%. Mid-tier revenue growth and negative forward EBITDA growth at a premium multiple are the main issues here. Valued For Future Income The valuation gap between Hut 8 and its peers is substantial. The stock trades at 24.7x trailing sales versus 8.9x for Riot and 3.2x for Marathon, and at 31.5x forward EV/EBITDA, roughly three times both peers. Even on a forward EV/sales basis, Hut 8 sits at 16.5x compared with 10.5x for Riot and 6.3x for Marathon. Those multiples price in infrastructure earnings that have yet to contribute significantly to the income statement. With negative forward EBITDA growth, the burden of proof rests on execution rather than current financial performance. What The Income Statement Actually Shows The headline numbers for fiscal 2025 aren’t great, with a net loss of $248 million and an Adjusted EBITDA loss of $135.4 million, compared to net income of $331.4 million and Adjusted EBITDA of $555.7 million in ...
spawns/iStock via Getty Images Overview While market indices pull back from their all-time highs, it can be a bit scary to accumulate equities right now. However, diversified income funds like the BlackRock Limited Duration Income Trust ( BLW ) offer investors a way to get diversified exposure across a blended portfolio of equities and fixed income securities, which can offer a bit of resilience t...
spawns/iStock via Getty Images Overview While market indices pull back from their all-time highs, it can be a bit scary to accumulate equities right now. However, diversified income funds like the BlackRock Limited Duration Income Trust ( BLW ) offer investors a way to get diversified exposure across a blended portfolio of equities and fixed income securities, which can offer a bit of resilience through the uncertainty. When I previously covered BLW, I issued a buy rating due to the fund's ability to preserve investor capital and growth potential. Since my last coverage, BLW has released an updated annual report that prompted me to revisit the fund's current value proposition. Looking at the performance over the last twelve months, we can see that BLW's share price has declined by about 4%. The fund has not been able to participate in the positive market momentum over the last few quarters. When including all distributions, the total return jumps up to 5.8% over the same time frame. BLW now offers investors a starting dividend yield of about 10% while issuing payouts on a monthly basis. However, the updated reporting still indicates that dividend coverage can improve in the future. Data by YCharts The fund now trades near its fair value, which means that it no longer trades at a discount or premium to NAV. I believe this to be a direct result of the generous distributions, but I now believe that there's a chance a cut may be on the horizon. However, a reduced payout would actually be beneficial to the long-term success of the fund since it would improve the operating spread. Additionally, growth potential may remain limited since interest rates remain high. So let's start by reviewing the fund's underlying strategy that it uses to generate income. Fund Strategy According to the latest fund overview , BLW has total managed assets of $824M that are spread across 1,628 different holdings. The fund has a listed expense ratio of 4.48%, which is extremely high, but this i...
Investors in SoFi Technologies Inc (Symbol: SOFI) saw new options begin trading this week, for the March 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SOFI options chain for the new March 27th contracts and identified one put and
Investors in SoFi Technologies Inc (Symbol: SOFI) saw new options begin trading this week, for the March 27th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SOFI options chain for the new March 27th contracts and identified one put and
Investors in Labcorp Holdings Inc (Symbol: LH) saw new options begin trading today, for the January 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 322 days until expiration the newly trading contract
Investors in Labcorp Holdings Inc (Symbol: LH) saw new options begin trading today, for the January 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 322 days until expiration the newly trading contract
Investors in Compass Therapeutics Inc (Symbol: CMPX) saw new options become available this week, for the January 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 322 days until expiration the newly ava
Investors in Compass Therapeutics Inc (Symbol: CMPX) saw new options become available this week, for the January 2027 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 322 days until expiration the newly ava