Booking Holdings (NASDAQ: BKNG) is the largest travel company in the world, and it's not even that close. The company -- which owns Priceline, Kayak, OpenTable, Agoda, Rentalcars.com, and Booking.com -- has a market cap of about $138 billion, which dwarfs second-place Marriott International at $95 billion. Among its online travel stock competitors, it tops Airbnb , which has a market cap of $83 bi...
Booking Holdings (NASDAQ: BKNG) is the largest travel company in the world, and it's not even that close. The company -- which owns Priceline, Kayak, OpenTable, Agoda, Rentalcars.com, and Booking.com -- has a market cap of about $138 billion, which dwarfs second-place Marriott International at $95 billion. Among its online travel stock competitors, it tops Airbnb , which has a market cap of $83 billion. Booking stock has been a solid performer over the years. Over the past five years, it has returned about 12% per year, and over the past 10 years, it has returned roughly 13% per year -- roughly on par with the S&P 500 . Continue reading
Bruce Richards, Marathon Asset Management CEO, co-founder and chairman, says the US economy is "in good shape." Speaking on Bloomberg Television, he adds that consumer consumption looks "rock solid." Richards also discusses the impact prolonged elevated oil prices could have on the economic situation and growth. (Source: Bloomberg)
Bruce Richards, Marathon Asset Management CEO, co-founder and chairman, says the US economy is "in good shape." Speaking on Bloomberg Television, he adds that consumer consumption looks "rock solid." Richards also discusses the impact prolonged elevated oil prices could have on the economic situation and growth. (Source: Bloomberg)
Japan’s big five trading houses are set to benefit from war-related supply disruptions this year, with higher energy and metals prices driving stronger earnings. Mitsubishi Corp. forecast net income could rise 37% in this fiscal year to ¥1.1 trillion ($7 billion), thanks to its gas and copper businesses. Sumitomo Corp. cited copper and coal as key to a forecast increase in its bottom line above an...
Japan’s big five trading houses are set to benefit from war-related supply disruptions this year, with higher energy and metals prices driving stronger earnings. Mitsubishi Corp. forecast net income could rise 37% in this fiscal year to ¥1.1 trillion ($7 billion), thanks to its gas and copper businesses. Sumitomo Corp. cited copper and coal as key to a forecast increase in its bottom line above analyst estimates. Shares of both surged on Friday, with Sumitomo closing up 17% at an all-time high. Japan’s “big five” – a Warren Buffett-backed group that also includes Mitsui & Co. , Itochu Corp. and Marubeni Corp. – typically benefit from high raw material prices that support their sprawling energy and metals businesses. Outside of Japan, trading giants like Vitol Group and Trafigura Group are already reaping a windfall from the unprecedented disruption to oil markets. Read More: Commodity Traders Reap a Profit Bonanza from War Oil Shock Buffett’s Berkshire Hathaway Inc. first reported his stakes in Japan’s trading houses in 2020. In an annual letter to shareholders last year, the famed investor said his firm was looking to raise ownership in all five “over time.” At Marubeni, high energy prices could lift the company’s annual earnings by ¥30 billion to ¥40 billion, President Masayuki Omoto said at a media conference in Tokyo on Friday. “We have a global procurement network, and we want to leverage that to contribute to energy security,” he said. “In LNG trading, we handle the largest annual volume in Japan in the short-term trading segment. In times like these, we will work to ensure supply into Japan.” Even so, a protracted conflict in the Middle East also carries risks for trading houses, especially as costs rise. Threats to profitability will grow if the upheaval in the Persian Gulf persists into the second half of the fiscal year, Omoto said. Sumitomo President Shingo Ueno cited aluminum and liquefied natural gas as key beneficiaries of higher prices. But he also sa...
If you're worried that the market environment that's favored growth stocks over income stocks for a while now is starting to shift in the other direction, you're not unreasonable. Valuations are once again stretched. Stability, certainty, and cash payments could soon become defensive must-haves. Fortunately, in the wake of recent (and largely unjustified) weakness, some defensive dividend stocks a...
If you're worried that the market environment that's favored growth stocks over income stocks for a while now is starting to shift in the other direction, you're not unreasonable. Valuations are once again stretched. Stability, certainty, and cash payments could soon become defensive must-haves. Fortunately, in the wake of recent (and largely unjustified) weakness, some defensive dividend stocks are especially cheap right now. Here's a look at three of these best dividend-paying bets. The 30% pullback in the shares of insurer Progressive (NYSE: PGR) since peaking last May makes sense on the surface. After soaring in 2024, a combination of rising reimbursement costs, economic sluggishness, a disappointing Q3, and several ratings downgrades have contributed to the sell-off. Continue reading
Cassiar Gold ( CGLCF ) on Friday said it plans a non-brokered private placement of 7.27M flow-through units at C$0.76 each to raise about C$5.5M. The proceeds will fund exploration and drilling at its Cassiar Gold Project in northern British Columbia. The o ffering is expected to close on or about May 21, 2026. Each warrant will be exercisable by the holder to acquire one additional common share a...
Cassiar Gold ( CGLCF ) on Friday said it plans a non-brokered private placement of 7.27M flow-through units at C$0.76 each to raise about C$5.5M. The proceeds will fund exploration and drilling at its Cassiar Gold Project in northern British Columbia. The o ffering is expected to close on or about May 21, 2026. Each warrant will be exercisable by the holder to acquire one additional common share at a price of C$0.65 for a period of 22 months following the closing date of the offering. More on Cassiar Gold Corp. Financial information for Cassiar Gold Corp.
Rise of 3% in April, the fastest annual pace in 11 months, leaves typical property worth £278,880, says Nationwide Business live – latest updates House price growth in the UK has surprised estate agents and economists by jumping in April at the fastest annual pace in 11 months, according to Nationwide. The UK’s biggest building society said its mortgage data showed that house prices unexpectedly r...
Rise of 3% in April, the fastest annual pace in 11 months, leaves typical property worth £278,880, says Nationwide Business live – latest updates House price growth in the UK has surprised estate agents and economists by jumping in April at the fastest annual pace in 11 months, according to Nationwide. The UK’s biggest building society said its mortgage data showed that house prices unexpectedly rose by 3% in April on a year earlier, from 2.2% in March, leaving the typical UK property worth £278,880. Continue reading...
Rein Therapeutics ( RNTX ) on Thursday said it priced an underwritten public offering of 50M shares at $1 each, raising $50M in gross proceeds. The company granted underwriters a 45-day option to buy up to 7.5M additional shares to cover overallotments. The offering is expected to close around May 4. The deal includes only common stock and no warrants. Konik Capital Partners is acting as sole book...
Rein Therapeutics ( RNTX ) on Thursday said it priced an underwritten public offering of 50M shares at $1 each, raising $50M in gross proceeds. The company granted underwriters a 45-day option to buy up to 7.5M additional shares to cover overallotments. The offering is expected to close around May 4. The deal includes only common stock and no warrants. Konik Capital Partners is acting as sole book-running manager. Rein said it will use the proceeds to fund a Phase 2 trial of LTI-03 in idiopathic pulmonary fibrosis and for working capital. It expects the funds, along with existing cash, to support operations into 2028. Shares fell -19.5% premarket on Friday. More on Aileron Therapeutics Seeking Alpha’s Quant Rating on Aileron Therapeutics Historical earnings data for Aileron Therapeutics Financial information for Aileron Therapeutics
da-kuk/E+ via Getty Images Indian equities, as defined by the MSCI India Index, declined in a volatile quarter, while active positioning and stock selection in NDIA drove outperformance versus the broad Indian equity market. Market Review Indian equities declined in the first quarter, with the MSCI India Index (Net) (the “benchmark”) falling 18.13%, as geopolitical volatility and the country’s rel...
da-kuk/E+ via Getty Images Indian equities, as defined by the MSCI India Index, declined in a volatile quarter, while active positioning and stock selection in NDIA drove outperformance versus the broad Indian equity market. Market Review Indian equities declined in the first quarter, with the MSCI India Index (Net) (the “benchmark”) falling 18.13%, as geopolitical volatility and the country’s reliance on energy imports weighed on sentiment. India imports roughly 90% of its oil, with a significant portion flowing through the Strait of Hormuz 1 . The 76.49% spike in oil prices (measured by the Generic 1st ‘CO’ Future) raised concerns around trade balances and inflation 2 . Despite these pressures, India maintained some access to supply through negotiations with Iran, while a temporary U.S. reprieve on Russian sanctions allowed continued purchases of crude oil. Several supportive factors also remained in place, including progress on trade agreements, elevated gold prices, consumer-focused fiscal measures, and gross domestic product (GDP) growth above 7% for the fiscal year ending March 31, 2026 3 . We believe the pullback reflects a macro-driven shock rather than a deterioration in underlying fundamentals, leaving India well positioned to benefit from normalization in energy markets or geopolitics. Fund Performance & Attribution NDIA returned -15.04% (NAV return) in 1Q 2026 versus -18.13% for its benchmark, resulting in +3.09% of relative outperformance 4 . On a market price return basis, the fund returned -13.15%, outperforming by 4.98% 5 . At the sector level, the most notable contributions to returns came from consumer discretionary (+0.86%), financials (+0.43%), and industrials (+0.43%). 6 Outperformance within consumer discretionary was driven by stock selection. Financials benefited from positioning in higher-quality lenders and selective off-benchmark exposures. The biggest detractors from relative returns came from overweight positioning in Real Estate (-0.56%...