Joe Hendrickson/iStock Editorial via Getty Images Sazerac offered to buy Brown-Forman ( BF.A ) ( BF.B ) for about $15B, or $32 per share, sources told The Wall Street Journal . Shares of the Jack Daniel's maker rose sharply last week after an initial report on privately-owned Sazerac's interest in a potential acquisition. Last month, Pernod Ricard SA ( PDRDF ) was said to be weighing a potential p...
Joe Hendrickson/iStock Editorial via Getty Images Sazerac offered to buy Brown-Forman ( BF.A ) ( BF.B ) for about $15B, or $32 per share, sources told The Wall Street Journal . Shares of the Jack Daniel's maker rose sharply last week after an initial report on privately-owned Sazerac's interest in a potential acquisition. Last month, Pernod Ricard SA ( PDRDF ) was said to be weighing a potential purchase of Brown-Forman ( BF.A ) ( BF.B ). A merger between the two spirits powerhouses would combine Sazerac labels such as Buffalo Trace, Blanton’s, Weller, Eagle Rare, Fireball, Southern Comfort, and RTD brand BuzzBallz, with Brown-Forman ( BF.A ) ( BF.B ) brands including Jack Daniel’s, Woodford Reserve, Old Forester, Herradura tequila, and el Jimador tequila. Shares of Brown-Forman ( BF.A ) ( BF.B ) were swapping hands at $29.25 in late Wednesday afternoon trading. More on Brown-Forman Brown-Forman: A Deal With Pernod Ricard Could Be A Game Changer Brown-Forman: There's Enough Reason To Turn Neutral (Rating Upgrade) Brown-Forman Corporation (BF.B) Presents at UBS Global Consumer and Retail Conference Transcript Brown-Forman could see $33-$34 a share in takeover - analyst Brown-Forman gains on report Sazerac approached on potential deal (update)
The European Central Bank is facing a pivotal decision at the end of the month--inflation risks are building daily as the Iran conflict drives energy prices higher. Joachim Nagel, Bundesbank president and governing council member of the European Central Bank, says the ECB is between a baseline and an adverse scenario. He speaks with Bloomberg’s Francine Lacqua on the sidelines of the IMF Spring me...
The European Central Bank is facing a pivotal decision at the end of the month--inflation risks are building daily as the Iran conflict drives energy prices higher. Joachim Nagel, Bundesbank president and governing council member of the European Central Bank, says the ECB is between a baseline and an adverse scenario. He speaks with Bloomberg’s Francine Lacqua on the sidelines of the IMF Spring meetings in Washington. (Source: Bloomberg)
José Araújo/E+ via Getty Images A decades-old requirement that locked smaller investors out of active trading has been replaced with a more modern system, and it takes effect in about 45 days. The Securities and Exchange Commission approved a sweeping change to one of the most controversial rules in retail investing on Monday, ending what was known as the "pattern day trader" rule that required ac...
José Araújo/E+ via Getty Images A decades-old requirement that locked smaller investors out of active trading has been replaced with a more modern system, and it takes effect in about 45 days. The Securities and Exchange Commission approved a sweeping change to one of the most controversial rules in retail investing on Monday, ending what was known as the "pattern day trader" rule that required active traders to maintain at least $25,000 in their brokerage accounts at all times. The rule, which had been in place for over two decades, was originally designed to protect retail investors from the risks of rapid-fire trading. Critics long argued it had the opposite effect: creating an arbitrary wealth barrier that prevented ordinary Americans from pursuing their preferred trading strategies, while wealthier investors faced no such restriction. Timeline for new rule As of 45 days after FINRA issued its announcement, you will no longer need $25,000 in your account to day trade freely, and brokerages have up to 18 months to fully update their systems to comply with the new rules. What's going away Under the old rules, any trader who executed four or more "day trades" -- buying and selling the same security within a single day -- over a five-business-day period was labeled a "pattern day trader." That designation immediately triggered a $25,000 minimum equity requirement. Traders who fell below that threshold were restricted from further day trading until their account balance recovered. The rule also came with a complex system of "day-trading buying power" calculations, a figure traders had to track carefully to avoid margin violations. Brokerages were required to monitor these figures for each customer, adding administrative cost and complexity that often led to complaints and confusion. If you fall short intraday, you have up to five business days to cover it or face a 90-day trading restriction What replaces it The new system, called "intraday margin," takes a more dyna...
Plumas Bancorp press release ( PLBC ): Q1 GAAP EPS of $1.38 beats by $0.06 . Revenue of $28.13M (+29.3% Y/Y) beats by $0.29M . Gross loans increased by $491 million, or 49%, to $1.5 billion. Deposits increased by $402 million, or 29% to $1.8 billion. Shareholders’ equity increased by $78 million, or 41%, to $265 million. Book value per share increased by $6.37, or 20%, to $38.05. More on Plumas Ba...
Plumas Bancorp press release ( PLBC ): Q1 GAAP EPS of $1.38 beats by $0.06 . Revenue of $28.13M (+29.3% Y/Y) beats by $0.29M . Gross loans increased by $491 million, or 49%, to $1.5 billion. Deposits increased by $402 million, or 29% to $1.8 billion. Shareholders’ equity increased by $78 million, or 41%, to $265 million. Book value per share increased by $6.37, or 20%, to $38.05. More on Plumas Bancorp Seeking Alpha’s Quant Rating on Plumas Bancorp Historical earnings data for Plumas Bancorp Dividend scorecard for Plumas Bancorp Financial information for Plumas Bancorp
White House Office of Management and Budget Director Russell Vought told lawmakers on Capitol Hill that he couldn't estimate how much the Iran war would cost taxpayers. “We’re not ready to come to you with a request; we’re still working on it. We’re working through to figure out what’s needed in this fiscal year versus next fiscal year,” Vought told the House Budget Committee on Wednesday, accordi...
White House Office of Management and Budget Director Russell Vought told lawmakers on Capitol Hill that he couldn't estimate how much the Iran war would cost taxpayers. “We’re not ready to come to you with a request; we’re still working on it. We’re working through to figure out what’s needed in this fiscal year versus next fiscal year,” Vought told the House Budget Committee on Wednesday, according to CNBC . When asked by a congresswoman if he had a “ballpark” figure, Vought answered that he did not. Vought's remarks were made as part of his testimony on Capitol Hill for the administration's proposed fiscal 2027 budget, which calls for hiking defense spending by around 44% to $1.5T. CNBC noted that a recent analysis by the Harvard Kennedy School estimated the war could cost $1T. More on SPDR S&P 500 ETF Trust, Vanguard 500 Index Fund ETF, etc. Iran: A Game Theory Analysis Of The Hormuz Siege Does High Short Selling And Put Buying Still Point To Big Tech Rally? Market Rebounds As Investor Complacency Reigns Bessent sees oil prices falling to around $3/gallon this summer Italy, Ukraine exploring joint military drone production
NBA fans sat on the edges of their seats as last night’s game between the Miami Heat and Charlotte Hornets went into overtime. That excitement quickly shifted to confusion, frustration, and outrage when Amazon Prime Video, the only place where the game was available to watch, subsequently cut out for almost two minutes. As reported by ESPN , Prime Video started showing a message that read “technic...
NBA fans sat on the edges of their seats as last night’s game between the Miami Heat and Charlotte Hornets went into overtime. That excitement quickly shifted to confusion, frustration, and outrage when Amazon Prime Video, the only place where the game was available to watch, subsequently cut out for almost two minutes. As reported by ESPN , Prime Video started showing a message that read “technical difficulties” seconds after cutting off the game’s commentator in the middle of a sentence. Viewers missed a Hornets possession that included a score by LaMelo Ball. By the time the stream came back online, 22.1 seconds of playing time had passed, per ESPN, and viewers were dismayed. “Tell me the game didn’t just cut off?!!? Am I trippin?? WTH,” LeBron James, a Los Angeles Lakers player who previously won two championships with the Heat, said , adding a face-planting emoji, on X. Read full article Comments
ASML raised its full-year sales forecast, bringing it in line with analysts' estimates and attention is already turning to what the supplier of cutting-edge chipmaking machines can expect from 2027. Tammy Qiu, head of tech equity research at Berenberg, speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
ASML raised its full-year sales forecast, bringing it in line with analysts' estimates and attention is already turning to what the supplier of cutting-edge chipmaking machines can expect from 2027. Tammy Qiu, head of tech equity research at Berenberg, speaks with Caroline Hyde on “Bloomberg Tech.” (Source: Bloomberg)
HIVE Digital (Nasdaq: HIVE) is rapidly transforming its business model to become a major player in the artificial intelligence (AI) revolution. Aydin Kilic, President and CEO of HIVE, recently detailed the company's rapid growth, highlighting a journey that began with just $1 million in ...
HIVE Digital (Nasdaq: HIVE) is rapidly transforming its business model to become a major player in the artificial intelligence (AI) revolution. Aydin Kilic, President and CEO of HIVE, recently detailed the company's rapid growth, highlighting a journey that began with just $1 million in ...
According to an SEC filing dated April 15, 2026, Sowa Financial Group, Inc. increased its position in Harbor Commodity All-Weather Strategy ETF (NYSE:HGER) by 217,816 shares during the quarter ended March 31, 2026. The quarter-end value of the stake increased by $10.24 million, a change reflecting both trading activity and price appreciation. Sowa Financial Group, Inc. increased its position in Ha...
According to an SEC filing dated April 15, 2026, Sowa Financial Group, Inc. increased its position in Harbor Commodity All-Weather Strategy ETF (NYSE:HGER) by 217,816 shares during the quarter ended March 31, 2026. The quarter-end value of the stake increased by $10.24 million, a change reflecting both trading activity and price appreciation. Sowa Financial Group, Inc. increased its position in Harbor Commodity All-Weather Strategy ETF, bringing the stake to 12.0% of its 13F reportable AUM. Top holdings after the filing: Continue reading
On Wednesday, Tesla stock had one of its best days in months, as it looks to end an eight-week losing streak. Tesla stock could become actionable if it makes a decisive move above the 200-day line. Tesla is due to report first-quarter earnings on April 22.
On Wednesday, Tesla stock had one of its best days in months, as it looks to end an eight-week losing streak. Tesla stock could become actionable if it makes a decisive move above the 200-day line. Tesla is due to report first-quarter earnings on April 22.
adventtr/iStock via Getty Images By Daniel Chu, CFA, Charles Hamieh, Shane Hurst, and Nick Langley Real Assets, Real Resilience Market Overview Listed infrastructure outperformed global equities in the first quarter of 2026 as a selloff in software stocks drove a market rotation into more defensive sectors and war in Iran raised inflation fears and underscored a flight to safety. For the quarter, ...
adventtr/iStock via Getty Images By Daniel Chu, CFA, Charles Hamieh, Shane Hurst, and Nick Langley Real Assets, Real Resilience Market Overview Listed infrastructure outperformed global equities in the first quarter of 2026 as a selloff in software stocks drove a market rotation into more defensive sectors and war in Iran raised inflation fears and underscored a flight to safety. For the quarter, natural gas utilities and pipelines led the listed infrastructure sectors in our universe; renewables and North American and European utilities also delivered strong returns, helped by rising earnings expectations driven by higher capex needs to support increased power demand, generation mix changes, asset resiliency and modernization programs. GDP-sensitive toll roads, airports and rails also held onto gains; North American freight rails benefited from improved economic conditions, with the Purchasing Managers Index entering expansionary territory for the first time in three years. In Europe, we saw some M&A activity, notably from French electric utility Engie ( ENGIY ), which acquired UK Electric Networks. Several airport companies, meanwhile, began negotiations for airport charges for their next regulatory cycle; they are proposing to meaningfully step up investments to support traffic growth across their platforms. The escalation of military tensions with Iran in March led to supply disruptions across key energy and commodity markets, including oil, LNG and other critical resources moving through the Middle East. This contributed to renewed inflation pressures globally as higher energy, transport and input costs flow through supply chains. This commodity disruption played out in sector performance in March, with natural gas utilities and pipelines delivering strong returns, North American and European utilities modestly down but still outperforming the major infrastructure indexes and global equities, and GDP-sensitive user toll roads, airports and rails underperforming...
The U.S. and Israel's war with Iran has been a substantial source of market volatility since it kicked off at the end of February. In response to the conflict, Iran moved to close the Strait of Hormuz -- a shipping channel through which between 20% and 25% of global oil shipments are estimated to pass through. Citadel CEO Ken Griffin recently weighed in on the potential implications of the Strait ...
The U.S. and Israel's war with Iran has been a substantial source of market volatility since it kicked off at the end of February. In response to the conflict, Iran moved to close the Strait of Hormuz -- a shipping channel through which between 20% and 25% of global oil shipments are estimated to pass through. Citadel CEO Ken Griffin recently weighed in on the potential implications of the Strait of Hormuz remaining closed for a sustained period of time, and his comments are eye-catching. Citadel is widely held to be the most successful hedge fund in history, so many investors take note when Ken Griffin makes investment moves or weighs in with market commentary. Speaking yesterday, Griffin said that the world is looking at a global recession if the Strait of Hormuz remains closed for the next six to 12 months. If the shipping channel remains closed for that duration, Griffin believes that a global recession is unavoidable -- and he's likely correct. Image source: Getty Images. Continue reading