People drive to Oman and Saudi in hope of a flight, while most tourists stay stuck in hotels and on cruise ships US-Israel war on Iran – live updates Iranian attacks on Dubai and the closure of its airport have triggered a scramble among the wealthy to leave the emirates via alternative routes on private jets. The normally glitzy city – a playground for billionaires, influencers and millions of in...
People drive to Oman and Saudi in hope of a flight, while most tourists stay stuck in hotels and on cruise ships US-Israel war on Iran – live updates Iranian attacks on Dubai and the closure of its airport have triggered a scramble among the wealthy to leave the emirates via alternative routes on private jets. The normally glitzy city – a playground for billionaires, influencers and millions of international visitors – has been on edge since drones and missiles fired in response to US and Israel strikes on Iran damaged the airport and struck several high-profile hotels and landmarks. Continue reading...
March 2 (Reuters) - Nvidia (NVDA) will invest $2 billion each in photonic product makers Lumentum (LITE) and Coherent (COHR) to support the companies' research and development and manufacturing operations in the U.S., the companies said on Monday.
March 2 (Reuters) - Nvidia (NVDA) will invest $2 billion each in photonic product makers Lumentum (LITE) and Coherent (COHR) to support the companies' research and development and manufacturing operations in the U.S., the companies said on Monday.
Alistair Berg/DigitalVision via Getty Images The following segment was excerpted from the Wasatch Global Opportunities Fund Q4 2025 Commentary . A relatively strong earnings season and Federal Reserve interest rate cuts were supportive of stocks in the fourth quarter of 2025. Within the global small-cap market, developed-market stocks generally outperformed emerging-market equities. In this enviro...
Alistair Berg/DigitalVision via Getty Images The following segment was excerpted from the Wasatch Global Opportunities Fund Q4 2025 Commentary . A relatively strong earnings season and Federal Reserve interest rate cuts were supportive of stocks in the fourth quarter of 2025. Within the global small-cap market, developed-market stocks generally outperformed emerging-market equities. In this environment, the MSCI AC World Small Cap Index gained 2.66%. The Wasatch Global Opportunities Fund—Investor Class ( WAGOX ) underperformed its benchmark and ended the period down -1.96%. Details of the quarter Trex Company, Inc. ( TREX ) was a large detractor from the Fund’s performance in the fourth quarter. Trex manufactures high-performance, low-maintenance composite decking, railing and related outdoor-living products. The stock was down sharply in November after the company reported third quarter earnings that were short of market expectations. In addition, management offered disappointing guidance for the fourth quarter, pointing to a weaker housing market and softer consumer spending on home improvement. While the company is facing some current challenges, we still view Trex as a high-quality business. We’re doing more due diligence on the company, but we still like its position as the largest company in a market that is largely a duopoly. Another large detractor during the quarter was BayCurrent, Inc. ( BYCRF ), a Japan-based information technology (IT) consultant. Fundamentals for BayCurrent remain strong: quarterly earnings grew 78% over the same period last year. But we believe the stock simply gave back ground after experiencing substantial gains in the prior 12 months. In recent months, we have been trimming the position to lock in earlier gains, but our thesis on the company remains the same. Companies in Japan are behind the curve when it comes to digitalizing their businesses, and we believe that BayCurrent, as a local consultant specializing in digitalization, is...
QUALCOMM (NasdaqGS:QCOM) has formed a new global coalition with leading industry partners to speed up 6G development and commercial rollout. The coalition sets out a roadmap targeting initial 6G commercialization beginning in 2029. This marks a long term initiative aimed at shaping future wireless connectivity standards and ecosystems. QUALCOMM enters this 6G coalition with its shares trading at $...
QUALCOMM (NasdaqGS:QCOM) has formed a new global coalition with leading industry partners to speed up 6G development and commercial rollout. The coalition sets out a roadmap targeting initial 6G commercialization beginning in 2029. This marks a long term initiative aimed at shaping future wireless connectivity standards and ecosystems. QUALCOMM enters this 6G coalition with its shares trading at $142.36, after a mixed period that includes a 1.4% return over the past week and a 6.1% decline...
(RTTNews) - Monday, the Bank of Nova Scotia (BNS) announced a collaboration with Casa, a new payments and rewards platform, introducing ScotiaGold Passport Visa card for Canadians to make rent or condo fee payments through the platform with no transaction fees.
(RTTNews) - Monday, the Bank of Nova Scotia (BNS) announced a collaboration with Casa, a new payments and rewards platform, introducing ScotiaGold Passport Visa card for Canadians to make rent or condo fee payments through the platform with no transaction fees.
AES the utilities and clean energy company, is being taken private by an investor consortium that includes an EQT Group infrastructure fund and BlackRock -owned Global Infrastructure Partners. The consortium, which also includes the Qatar Investment Authority and the California Public Employees’ Retirement System, will pay $15 a share for the world’s largest supplier of clean energy to corporation...
AES the utilities and clean energy company, is being taken private by an investor consortium that includes an EQT Group infrastructure fund and BlackRock -owned Global Infrastructure Partners. The consortium, which also includes the Qatar Investment Authority and the California Public Employees’ Retirement System, will pay $15 a share for the world’s largest supplier of clean energy to corporations. AES stock fell 17% to $14.40 in premarket trading Monday.
Welcome to our guide to the commodities driving the global economy. Today, reporter Grant Smith looks at the oil market impact from the escalating Middle East war. The conflict roiling Iran and the wider Middle East has turbocharged a shift in global oil markets, from signs that supplies are excessive to concerns about their availability. Even before the weekend’s tumultuous US-Israeli strikes on ...
Welcome to our guide to the commodities driving the global economy. Today, reporter Grant Smith looks at the oil market impact from the escalating Middle East war. The conflict roiling Iran and the wider Middle East has turbocharged a shift in global oil markets, from signs that supplies are excessive to concerns about their availability. Even before the weekend’s tumultuous US-Israeli strikes on the Islamic Republic and Tehran’s retaliation around the region, the crude market saw surprising strength in the first weeks of 2026. While leading forecasters projected a substantial glut for this year, the overhang has been pared by winter storms in North America, outages in Kazakhstan, sanctions on Russia and Iran and China’s undimmed appetite to shunt barrels into storage. The US-led military operation marks the latest and most significant oil market upheaval triggered by President Donald Trump, whose interventions in Venezuela — and now Iran — have deposed the leaders of two OPEC nations in as many months. Middle East oil production is so far unaffected, but energy infrastructure and logistics have been hit. Tanker traffic in the Strait of Hormuz , through which oil flows from the Persian Gulf to international customers, has largely halted. Saudi Arabia has suspended operations at its Ras Tanura refinery following a drone strike in the area, and Qatar has suspended liquefied natural gas output. Brent crude futures, up 19% in the first two months of 2026, have soared further to briefly surpass $80 a barrel. European gas prices have risen even more sharply. On Sunday, the Organization of the Petroleum Exporting Countries and its partners made a modest gesture to stabilize the market, agreeing a small production increase for April. Some members, like Saudi Arabia and the United Arab Emirates, have already started to bolster exports. But any extra volumes will count for little if tankers can’t transit the Strait of Hormuz. Prior to this weekend’s events, projections from t...
Turning Point Brands press release ( TPB ): Q4 Non-GAAP EPS of $0.95 beats by $0.07 . Revenue of $121.01M (+29.2% Y/Y) beats by $0.59M . More on Turning Point Brands Turning Point Brands: A Buzzing Growth Story Seeking Alpha’s Quant Rating on Turning Point Brands Historical earnings data for Turning Point Brands Dividend scorecard for Turning Point Brands Financial information for Turning Point Br...
Turning Point Brands press release ( TPB ): Q4 Non-GAAP EPS of $0.95 beats by $0.07 . Revenue of $121.01M (+29.2% Y/Y) beats by $0.59M . More on Turning Point Brands Turning Point Brands: A Buzzing Growth Story Seeking Alpha’s Quant Rating on Turning Point Brands Historical earnings data for Turning Point Brands Dividend scorecard for Turning Point Brands Financial information for Turning Point Brands
Robert Way Nvidia ( NVDA ) was in focus on Monday as Morgan Stanley moved the GPU giant back to its top pick in the semiconductor space over Micron ( MU ). “Memory vs. NVIDIA is an interesting debate,” analyst Joseph Moore wrote in a note to clients. “There is a commonly voiced view that memory stocks are pricing in a much longer and more durable cycle than processor stocks; we actually somewhat d...
Robert Way Nvidia ( NVDA ) was in focus on Monday as Morgan Stanley moved the GPU giant back to its top pick in the semiconductor space over Micron ( MU ). “Memory vs. NVIDIA is an interesting debate,” analyst Joseph Moore wrote in a note to clients. “There is a commonly voiced view that memory stocks are pricing in a much longer and more durable cycle than processor stocks; we actually somewhat disagree with that. Our memory conversations with clients are very similar to NVIDIA conversations - a clear recognition that conditions are exceptional in both right now, But a very strong peak year at current valuations has been viewed as more investable for memory, because upward revisions are more dynamic. There is not much conviction about 2027 for either stock.” Moore has an Overweight rating and $260 price target on Nvidia. Delving deeper, Moore said any concerns about Nvidia losing market share are likely to be addressed at the upcoming GTC. “We're not sure exactly what to expect from GTC, but it should look very similar to 2024, when we got a full look into NVIDIA's 4 year roadmap and it became clear that this race is not just about the silicon, but also rack and ecosystem development,” Moore explained. “We expect the Groq IP to play a role in this roadmap as well.” Nvidia's GTC is set to be held from March 16 to March 19, with Jensen Huang providing a keynote address on March 16. Moore also explained that the ongoing supply constraints on AI processors could ease in the next few months, which could favorably impact Nvidia. “To be clear, that is not currently in evidence, but it is more than possible given constraints on DRAM, eSSD, HDD, optical, microprocessors, and power that may all become bigger bottlenecks than the very steep ramp in processors - it might be a challenge for NVIDIA stock, since 90% of industry checks focus on easily accessible supply chain data points - CoWoS, lead times, etc - rather than demand,” Moore added. “But we have high conviction that ...