According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, IFC Advisors LLC initiated a new position in Angel Oak Income ETF (NASDAQ:CARY) by acquiring 2,971,014 shares. The estimated transaction value, based on the mean unadjusted closing price for the quarter ended March 31, 2026, is $62.20 million. The quarter-end value of the stake reflects a $61.72 million increase, enc...
According to a Securities and Exchange Commission (SEC) filing dated May 4, 2026, IFC Advisors LLC initiated a new position in Angel Oak Income ETF (NASDAQ:CARY) by acquiring 2,971,014 shares. The estimated transaction value, based on the mean unadjusted closing price for the quarter ended March 31, 2026, is $62.20 million. The quarter-end value of the stake reflects a $61.72 million increase, encompassing both share purchases and price movements. Angel Oak Income ETF is a fixed-income ETF with a $1.01 billion market capitalization, focused on generating stable income and capital appreciation through diversified exposure to structured credit. The fund employs a disciplined strategy that combines macroeconomic analysis with rigorous credit selection, seeking relative value opportunities across mortgage-backed and asset-backed securities. With an annualized dividend yield of 5.98% and a one-year total return of 6.91%, the ETF aims to appeal to institutional and income-focused investors seeking differentiated fixed income exposure. IFC Advisors’ new position in the Angel Oak Income ETF (CARY) stands out, given how different it is from its other top holdings. Continue reading
ServiceNow (NYSE:NOW) executives used the company’s Financial Analyst Day 2026 to argue that enterprise AI adoption is strengthening—not undermining—the company’s platform position, while outlining long-term targets for subscription growth, margins, and stock-based compensation. Darren Yip, Service
ServiceNow (NYSE:NOW) executives used the company’s Financial Analyst Day 2026 to argue that enterprise AI adoption is strengthening—not undermining—the company’s platform position, while outlining long-term targets for subscription growth, margins, and stock-based compensation. Darren Yip, Service
Xi Jinping, the Chinese president, calls for thorough investigation after disaster in Changsha city A blast at a fireworks factory in China’s Hunan province has killed 21 people and injured 61, prompting the Chinese president , Xi Jinping , to call for a thorough investigation, state media reported on Tuesday. China’s official news agency Xinhua said the blast happened in Changsha city on Monday a...
Xi Jinping, the Chinese president, calls for thorough investigation after disaster in Changsha city A blast at a fireworks factory in China’s Hunan province has killed 21 people and injured 61, prompting the Chinese president , Xi Jinping , to call for a thorough investigation, state media reported on Tuesday. China’s official news agency Xinhua said the blast happened in Changsha city on Monday afternoon. Nearly 500 rescuers were deployed and people were evacuated from danger zones by authorities who citied the risk from two black powder warehouses, the report said. Continue reading...
(RTTNews) - Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, with major markets in the region, China, Japan and South Korea closed, as traders react to the re-escalation of the Middle East conflict and the re
(RTTNews) - Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, with major markets in the region, China, Japan and South Korea closed, as traders react to the re-escalation of the Middle East conflict and the re
Shares of Star Sports Medicine Co. , a maker of medical devices, surged as much as 204% in their Hong Kong trading debut on Tuesday, extending a run of hot first-day performances in the city. The stock climbed to as high as HK$299 early trading, compared with an initial public offering price of HK$98.50 per share. Strong investor demand helped the company raise HK$829.6 million ($106 million), wit...
Shares of Star Sports Medicine Co. , a maker of medical devices, surged as much as 204% in their Hong Kong trading debut on Tuesday, extending a run of hot first-day performances in the city. The stock climbed to as high as HK$299 early trading, compared with an initial public offering price of HK$98.50 per share. Strong investor demand helped the company raise HK$829.6 million ($106 million), with its retail portion subscribed more than 7,823 times. The debut adds to a string of strong Hong Kong listings in recent months, as investors warm to Chinese healthcare and technology names. The weighted average first-day gain of listings that raised at least $100 million has been 42.3% this year, according to data compiled by Bloomberg. Recent debuts included a roughly 380% pop for optical-computing firm Lightelligence and a 241% surge for hardware and software firm Shanghai Sunmi Technology . Demand for medical devices has been rising across China’s aging and increasingly active population, drawing a wave of listings from domestic equipment makers and innovative drugmakers to Hong Kong. Read More: Hong Kong’s First-Day IPO Surges Are Becoming Common: ECM Watch Star Sports is a Beijing-based medical device maker specializing in clinical sports medicine solutions targeting major joints. Its product portfolio spans self-developed implants, equipment, consumables and surgical instruments used for injury treatment, rehabilitation and prevention. For the latest news on equity capital markets activity in the Asia-Pacific region, follow the channel or visit NI BFWECMAS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here .
Shares of Upstart (NASDAQ: UPST) , the AI-based loan origination platform, were moving higher last month as the company benefited from the broader risk-on positioning as tensions cooled in Iran, and stocks soared again. There was not much company-specific news out on Upstart, but the company did launch a new line of credit product called "Cash Line" that was well-received by investors. By the end ...
Shares of Upstart (NASDAQ: UPST) , the AI-based loan origination platform, were moving higher last month as the company benefited from the broader risk-on positioning as tensions cooled in Iran, and stocks soared again. There was not much company-specific news out on Upstart, but the company did launch a new line of credit product called "Cash Line" that was well-received by investors. By the end of the month, the stock had finished up 23% according to data from S&P Global Market Intelligence . Continue reading
Earnings Call Insights: Vertex Pharmaceuticals (VRTX) Q1 2026 Management View "Vertex is off to a terrific start in 2026, which we see as a year defined by execution" (CEO, President & Director Reshma Kewalramani), citing "total product revenue of $2.99 billion, reflecting 8% growth year-on-year" and stating that "CASGEVY and JOURNAVX drove approximately 25% of total product revenue growth." "We p...
Earnings Call Insights: Vertex Pharmaceuticals (VRTX) Q1 2026 Management View "Vertex is off to a terrific start in 2026, which we see as a year defined by execution" (CEO, President & Director Reshma Kewalramani), citing "total product revenue of $2.99 billion, reflecting 8% growth year-on-year" and stating that "CASGEVY and JOURNAVX drove approximately 25% of total product revenue growth." "We previously disclosed tolerability issues in this program... we have chosen to discontinue the program" (CEO Kewalramani) on VX-522, adding: "Given this early termination, we will not be able to assess the efficacy or full safety of VX-522." "ALYFTREK has now surpassed $1 billion in cumulative global revenue" (Chief Commercial Officer Duncan J. McKechnie), and he said the U.S. label expansions for ALYFTREK and TRIKAFTA represent "a meaningful incremental commercial opportunity of approximately 800 people in CF who are newly eligible in the U.S." "During the first quarter, we delivered $43 million in CASGEVY revenue" (CCO McKechnie), while noting "expected variability quarter to quarter" and stating: "we have very strong visibility to revenue for the rest of 2026 for CASGEVY to contribute meaningfully to our $500 million-plus revenue goal for non-CF products this year." "More than 350,000 prescriptions were filled in the quarter" for JOURNAVX and it "generated $29 million in revenue" (CCO McKechnie), who also said: "We remain on track to more than triple the 550,000 prescriptions from 2025" and highlighted progress to "240 million lives now covered" plus a Medicare Part D coverage win. "First quarter 2026 total revenue increased 8% year-over-year to $2.99 billion" (Executive VP, COO & CFO Charles Wagner), who reported "non-GAAP earnings per share were $4.47" and added: "We ended the quarter with $13 billion in cash and investments after deploying approximately $344 million to repurchase more than 741,000 shares." Outlook "We are reiterating our 2026 total revenue guidance of $...
China’s state broadcaster has given a glimpse of the first export variant of the J-35A – the country’s second land-based fifth-generation fighter jet – with Pakistan the most likely recipient, according to reports and analysis. The CCTV clip featured during the “2026 May 1st International Labour Day ‘Heart to Heart’ Special Programme” shows a J-35A model bearing the serial number 001 rolling out o...
China’s state broadcaster has given a glimpse of the first export variant of the J-35A – the country’s second land-based fifth-generation fighter jet – with Pakistan the most likely recipient, according to reports and analysis. The CCTV clip featured during the “2026 May 1st International Labour Day ‘Heart to Heart’ Special Programme” shows a J-35A model bearing the serial number 001 rolling out of the hangar with the logo of China’s largest military aircraft manufacturer, Aviation Industry...
Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. Apple executives have made visits to a Samsung plant under development in Texas and, separately, also held preliminary talks with Intel about enlisting the company's chipmaking services,...
Apple has held exploratory discussions about using Intel and Samsung Electronics to produce the main processors for its devices, Bloomberg News reported on Monday, citing people familiar with the deliberations. Apple executives have made visits to a Samsung plant under development in Texas and, separately, also held preliminary talks with Intel about enlisting the company's chipmaking services, Bloomberg reported. While the move would offer Apple a secondary option beyond its longtime partner Taiwan Semiconductor Manufacturing Co, the iPhone-maker is also concerned about using non-TSMC technology, the report said, citing worries about reliability and scale.
Donny DBM/iStock via Getty Images Executive Summary The Fund outperformed the Russell Mid Cap Growth Index over the last quarter due primarily to positive allocation effect. Six of the eleven sectors outperformed, led by strong stock selection in the Information Technology and Consumer Discretionary sectors. This was somewhat offset by negative security selection in the Healthcare and Real Estate ...
Donny DBM/iStock via Getty Images Executive Summary The Fund outperformed the Russell Mid Cap Growth Index over the last quarter due primarily to positive allocation effect. Six of the eleven sectors outperformed, led by strong stock selection in the Information Technology and Consumer Discretionary sectors. This was somewhat offset by negative security selection in the Healthcare and Real Estate sectors. New positions were added during the quarter in several sectors, taking advantage of market volatility. Fund positioning continues to focus on quality growth across sectors. Performance factors Thrivent Mid Cap Growth Fund outperformed the Russell Mid Cap Growth benchmark during the first quarter of 2026 led by the Information Technology and Consumer Discretionary sectors. Strong contributions from positions in Coherent Corp ( COHR ), Monolithic Power ( MPWR ), and Lattice Semiconductor ( LSCC ) led overall positive performance in both the Semiconductor & Semiconductor Equipment, and Technology Hardware sub-sectors, more than offsetting the weakness from Software & Services. Coherent, Monolithic Power, and Lattice had very strong quarterly earnings reports as well as positive forward estimate revisions which helped fuel material stock outperformance. For Lattice, new ultra-low power and mid-range FPGA ((field programmable gate array)) product introductions- namely Nexus and Avant- contributed to the positive results. For Coherent, strong demand for their high-speed optical transceivers in the data center market aided the upside to results and forward outlook. Monolithic Power saw accelerating demand for its Enterprise Data solutions, which are power solutions products for data centers. Consumer Discretionary out-performance was led by Ross Stores ( ROST ), a leading off-price retailer of apparel and home fashion. Ross reported well above expected same store sales growth and provided forward guidance above consensus expectations. Consumer Discretionary performance al...
Horrifying "Rape Festival" Sparks Worldwide Outrage Videos circulating on social media out of Nigeria have ignited shock and horror after appearing to show groups of men chasing, stripping and sexually assaulting women in broad daylight during a traditional “fertility" festival in the country’s southern Delta State, according to news.com.au . The incidents unfolded on March 19 during the Alue-Do f...
Horrifying "Rape Festival" Sparks Worldwide Outrage Videos circulating on social media out of Nigeria have ignited shock and horror after appearing to show groups of men chasing, stripping and sexually assaulting women in broad daylight during a traditional “fertility" festival in the country’s southern Delta State, according to news.com.au . The incidents unfolded on March 19 during the Alue-Do festival in Ozoro, a triennial rite in the Uruamudhu community of the Ozoro Kingdom. Intended to invoke blessings for married women struggling with conception, the event involves processions to a community shrine. Local customs reportedly advise single women to remain indoors. However, footage depicted young women fleeing through crowded streets, pursued by mobs who tore at their clothing, groped them and subjected them to public humiliation while bystanders filmed and, in some cases, appeared to cheer. The graphic clips, which spread rapidly on platforms including X, Instagram and Facebook, have fueled national outrage, trending hashtags such as #endsexualviolence. View this post on Instagram A post shared by Every Woman is Worthy® (@everywomanisworthy) Delta State police have responded with arrests. Authorities confirmed that at least 15 people, including a community leader and several young men identified in the videos, are in custody, the BBC reports. Police spokesperson Bright Edafe described the scenes as “alarming, disgusting and embarrassing,” adding that suspects have been transferred to the State Criminal Investigation Department for prosecution. Investigations continue, though officials noted that no formal complaints of rape have been filed to date. Some women reportedly required hospitalization. One of the alleged victims told police she was attacked within minutes of arriving at the event to the " rape festival ." “Immediately I came down, they started shouting ‘hold her, hold her, that’s a woman’, and they swooped on me like bees,” the alleged victim said, acc...