The civil servant says he was pressured by No 10 to get Mandelson’s vetting done; the PM says he wasn’t informed. Who emerges most damaged? Continue reading...
The civil servant says he was pressured by No 10 to get Mandelson’s vetting done; the PM says he wasn’t informed. Who emerges most damaged? Continue reading...
rarrarorro The second round of talks between the U.S. and Iran may take place as soon as Friday, according to The Post. There have been positive efforts with Tehran leading to a possibility of talks within the next 36 to 72 hours, The Post reported, citing sources in Pakistan. U.S. President Donald Trump said the timeline was possible in a text message to the publication. The talks were supposed t...
rarrarorro The second round of talks between the U.S. and Iran may take place as soon as Friday, according to The Post. There have been positive efforts with Tehran leading to a possibility of talks within the next 36 to 72 hours, The Post reported, citing sources in Pakistan. U.S. President Donald Trump said the timeline was possible in a text message to the publication. The talks were supposed to take place in Pakistan on Wednesday between the U.S. Vice President JD Vance, along with the U.S. delegation, and the Iranian officials. However, he called off the trip until further notice, as Tehran representatives refused to attend due to unreasonable U.S. demands. Trump had then extended the ceasefire deadline with Iran, citing deep divisions within Tehran’s leadership. He added that the truce would remain in place until Iranian officials present a coordinated plan to bring an end to the conflict involving the U.S. and Israel. The two-week truce was previously set to expire Wednesday. Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion. More on oil, Iran war Can The Market Look Past Coming Headwinds? Warsh Will Change The Fed Forever Climbing Limo GDP Forecast For 2026-Q1 Wall Street gains as Trump extends ceasefire deadline with Iran Iran says it has seized two ships in the Strait of Hormuz; Brent crude near $100
Vice-President Sara Duterte-Carpio came under fresh pressure on Wednesday after Philippine lawmakers examining complaints that could lead to her impeachment were shown evidence of bank transactions far larger than the wealth she and her husband had publicly declared. At a House hearing, the Philippines’ anti-money-laundering watchdog said the couple’s bank records from 2006 to 2024 showed 4.4 bill...
Vice-President Sara Duterte-Carpio came under fresh pressure on Wednesday after Philippine lawmakers examining complaints that could lead to her impeachment were shown evidence of bank transactions far larger than the wealth she and her husband had publicly declared. At a House hearing, the Philippines’ anti-money-laundering watchdog said the couple’s bank records from 2006 to 2024 showed 4.4 billion pesos (US$73.2 million) in inflows and 1.5 billion pesos in outflows, despite a declared net...
The Nasdaq Composite (^IXIC) is higher out of the gate on Wednesday, with geopolitical relief lifting risk appetite. The S&P 500, Dow, and Nasdaq all declined roughly 0.6% on Tuesday amid uncertainty around Iran peace talks. Overnight, President Trump extended the U.S. ceasefire with Iran while maintaining a naval blockade until Tehran presents a unified ... Nasdaq Composite Captures Gains From Bi...
The Nasdaq Composite (^IXIC) is higher out of the gate on Wednesday, with geopolitical relief lifting risk appetite. The S&P 500, Dow, and Nasdaq all declined roughly 0.6% on Tuesday amid uncertainty around Iran peace talks. Overnight, President Trump extended the U.S. ceasefire with Iran while maintaining a naval blockade until Tehran presents a unified ... Nasdaq Composite Captures Gains From Big Tech Revival and Easing Mideast Tensions
Giverny Capital Asset Management’s portfolio underperformed with a return of 6.9% in Q1 2026, as compared to the S&P 500 Index , which declined 4.3% over the same period. In Q1 2026, the fund initiated a new position in American Express (NYSE: AXP ). The fund fully exited its holding in Ametek (NYSE: AME ) during the same period. Source. More on American Express, Ametek American Express: Why We Es...
Giverny Capital Asset Management’s portfolio underperformed with a return of 6.9% in Q1 2026, as compared to the S&P 500 Index , which declined 4.3% over the same period. In Q1 2026, the fund initiated a new position in American Express (NYSE: AXP ). The fund fully exited its holding in Ametek (NYSE: AME ) during the same period. Source. More on American Express, Ametek American Express: Why We Established A New Position Ametek: A Very Well-Run Business Is Valued Accordingly American Express: Some Caution Into Earnings Key deals this week: American Express, Otis, Vertiv, Wipro and more American Express to acquire Hypercard, adding to AI, expense management expertise
Welcome back to Bloomberg’s Real Estate Monitor , a weekly breakdown of emerging trends, strategic challenges and blockbuster deals shaping the industry. Sign up now if you’re not already on the list. This week, you’ll learn about how real estate tycoons, Wall Street banks and humble taxi drivers are playing the Mumbai property boom . We’ll also tell you about how the war in Iran is impacting glob...
Welcome back to Bloomberg’s Real Estate Monitor , a weekly breakdown of emerging trends, strategic challenges and blockbuster deals shaping the industry. Sign up now if you’re not already on the list. This week, you’ll learn about how real estate tycoons, Wall Street banks and humble taxi drivers are playing the Mumbai property boom . We’ll also tell you about how the war in Iran is impacting global housing markets , Spain’s data center rush and billionaire Brad Jacobs’ latest effort to assemble a building products conglomerate through M&A. Let’s get into it. — Patrick Clark Market Snapshot DR Horton Inc $162.20 +5.8% Lennar Corp $94.81 +0.7% TopBuild Corp $469.92 -4.1% Blackstone Inc $128.50 -0.4% Market data as of 09:35 AM ET. Data is subject to provider delays. The big story Mumbai’s Worli neighborhood is a former fishing village transformed into a favored destination for the city’s elite . Financial firms like Barclays, BlackRock and Morgan Stanley have decided that recruiting top talent means leasing the best office buildings, some of which offer striking views of the Arabian Sea. Those white collar workers want to live close to work, to avoid the city’s famous traffic snarls. As a result, local real estate is poised to rise “exponentially beyond imagination,” according to one Indian billionaire. The flip side, he says, is that millions of people will need to be rehoused to clear the way for new development. The process is creating risks for people like Ramu Virmale, a taxi driver who lives in a 100-square-foot hut in a low-income part of Worli. But it’s creating opportunity too: Virmale is negotiating with real estate developers who want to build offices and high-end apartments in his pocket of the neighborhood. In return, he’s asking for modern, if modest, homes for the 3,000 families currently living on the land. “Rich or poor, we should all live with each other,” Virmale says. “We too want clean, good-quality, sea-facing flats. That cannot only be for the r...
mohd izzuan/iStock via Getty Images Dear Partners, While individual client returns may differ based on their inception dates, consolidated performance of all accounts for the period ending March 31, 2026 is as follows: Q1 2026 2025 2024 2023 2022 2021* White Falcon(net of fees) -6.1% 28.4% 14.4% 36.0% -9.3% -1.5% S&P 500 TR(CAD) -3.1% 12.2% 35.2% 23.2% -12.6% 3.3% MSCI AC TR(CAD) -0.6% 15.9% 26.3%...
mohd izzuan/iStock via Getty Images Dear Partners, While individual client returns may differ based on their inception dates, consolidated performance of all accounts for the period ending March 31, 2026 is as follows: Q1 2026 2025 2024 2023 2022 2021* White Falcon(net of fees) -6.1% 28.4% 14.4% 36.0% -9.3% -1.5% S&P 500 TR(CAD) -3.1% 12.2% 35.2% 23.2% -12.6% 3.3% MSCI AC TR(CAD) -0.6% 15.9% 26.3% 18.5% -11.9% 1.5% S&P TSX TR 4.0% 32.0% 21.7% 11.8% -5.8% -0.6% Click to enlarge *Performance is from Nov 8 - Dec 31, 2021 This was a tough and volatile quarter. While the headline numbers suggest a mild pullback, the picture beneath the surface was much harsher. Software and services led sector level declines. Our exposure in these groups was hit by broad multiple contraction as markets priced AI-related risks. In addition, our holdings in Ag Growth (AFN)( AGGZF ) and Ivanhoe Mines (IVN)( IVPAF ) faced company specific setbacks that further contributed to the drawdown. These pressures were partly offset by strong performance from New Flyer Industries (NFI) and our precious metals basket. Our focus is never on short-term performance. The White Falcon portfolio construction diverges significantly from popular market indexes and our primary benchmark for success is generating positive absolute returns adjusted for risk over a complete market cycle. The volatility during the quarter gave us an opportunity to add positions at more attractive valuations and also improve the overall quality of the businesses we own in the portfolio. As it happens, the market has since mounted a strong V-shaped recovery, and all accounts are now in the positive for the year. The software sector is at an interesting juncture. From here, it is either a fantastic long-term opportunity, or a potential value trap. We think it may be the former and have meaningfully increased our allocation. Below, we describe the framework guiding our investments in software: At its core, software is simply a business...