Schroders Plc dates back 222 years and is one of the oldest names in the City of London, with its genesis in financing infrastructure. Nuveen, its new American owner, is only about half as old but no less storied. Founded in Chicago by John Nuveen in 1898, almost a century after Schroders, the American firm got its start underwriting municipal bonds. Its first was for a $7,000 water system in Minn...
Schroders Plc dates back 222 years and is one of the oldest names in the City of London, with its genesis in financing infrastructure. Nuveen, its new American owner, is only about half as old but no less storied. Founded in Chicago by John Nuveen in 1898, almost a century after Schroders, the American firm got its start underwriting municipal bonds. Its first was for a $7,000 water system in Minnesota. Over the decades, it built a reputation as active fund manager, giving rise to star muni bond pickers such as John Miller and famed stock investor David Iben . Nuveen Weighs Sale of Stake in $78 Billion Private-Capital Arm (2025) Nuveen’s Miller, a Titan of Muni Junk Bonds, to Leave Firm (2023) TIAA-CREF to Buy Nuveen Investments in $6.25 Billion Deal (2014) Vinik Hedge Fund Recruits Top-Ranked David Iben From Nuveen (2012) On Thursday, Nuveen agreed to buy Schroders in a £9.9 billion ($13.5 billion) deal that will propel it into the ranks of the world’s largest active money managers, with $2.5 trillion of assets. In recognition of the UK firm’s “deep-rooted history,” the Schroders brand will be retained and London will serve as the combined group’s non-US headquarters and largest office, Nuveen said. “In Nuveen we see a partner that shares our values, respects the culture we have built and will create exciting opportunities for our clients and people,” Schroders Chief Executive Officer Richard Oldfield said in a statement on Thursday. He will continue in the role and join Nuveen’s executive management team. The deal is the biggest so far for Nuveen, which is run by William Huffman and has been growing its footprint since it was bought by the Teachers Insurance and Annuity Association of America more than a decade ago. At the time, Nuveen was known for managing closed-end funds and municipal debt, but it has since expanded further into real estate, equities and private capital. The Schroders acquisition follows smaller real estate and infrastructure deals, according ...
Glencore Plc ’s ferrochrome smelting venture in South Africa is running out of time to find a solution that would lower electricity costs and enable it to avert job cuts. The business with Merafe Resources Ltd. that processes chrome ore into ferrochrome extended a consultation process around the potential losses in December to the end of this month. About 1,500 direct jobs are at stake if no solut...
Glencore Plc ’s ferrochrome smelting venture in South Africa is running out of time to find a solution that would lower electricity costs and enable it to avert job cuts. The business with Merafe Resources Ltd. that processes chrome ore into ferrochrome extended a consultation process around the potential losses in December to the end of this month. About 1,500 direct jobs are at stake if no solution is reached to provide cheaper power, Japie Fullard , chief executive officer of Glencore Alloys, said in an interview. South Africa’s Electricity Minister Kgosientsho Ramokgopa has been searching for a solution to rising electricity costs. The local ferrochrome industry highlighted the problem with competition in China taking a growing share of its business, in part due to the benefit of cheap power. Following talks with the government and state-owned utility Eskom Holdings SOC Ltd. , the National Energy Regulator of South Africa approved a 35% year-long reduction in power prices for ferrochrome smelters operated by Glencore-Merafe Chrome and Samancor Chrome Ltd . That’s allowed the startup of the venture’s Lion smelter in Limpopo province, which is able to roughly break even at the 87 rand cents ($0.05) per kilowatt hour level, according to Fullard. “We’re actually commissioning the first two furnaces this week.” The Glencore venture’s Boshoek and Wonderkop smelters that were shuttered in December need an even lower price sought by the broader industry of 62 cents, he said, adding that a stronger rand has added further strain. Samancor faced cuts of nearly 2,500 workers, labor union Solidarity said in November. The business, government, Eskom and labor have worked together in the search for a solution to bring the electricity cost down, according to Fullard. Still, it takes capital to restart operations that companies need to justify. “Whatever solution is being put on the table mustn’t be fluff,” he said. “It must be hard, concrete action.”
STORY: Japan's SoftBank announced a fourth consecutive quarterly profit on Thursday (February 12). It hit $1.62 billion for October to December - way ahead of a $2 billion net loss a year before. The firm was helped by the rising valuation of its OpenAI investment. Masayoshi Son's conglomerate has now invested more than $30 billion in ChatGPT-maker OpenAI, and built a shareholding of around 11%. S...
STORY: Japan's SoftBank announced a fourth consecutive quarterly profit on Thursday (February 12). It hit $1.62 billion for October to December - way ahead of a $2 billion net loss a year before. The firm was helped by the rising valuation of its OpenAI investment. Masayoshi Son's conglomerate has now invested more than $30 billion in ChatGPT-maker OpenAI, and built a shareholding of around 11%. Softbank has bet it will emerge as a winner in the battle between competing developers of large language models. OpenAI reportedly wants another capital injection of $100 billion. With SoftBank seen as a possible investor, as well as Amazon and Nvidia. SoftBank said it projects a total gain on its OpenAI investment of $19.8 billion at December-end. The firm has turned to asset sales, bond issuance and loans backed by its other holdings to finance its bets. SoftBank has already exited its position in Nvidia, and sold part of its stake in T-Mobile for $12.7 billion last year. OpenAI was once seen as the dominant player among makers of large language models. But it faces rising costs to train and run its AI models while it sees growing competition from the likes of Google-owner Alphabet.
DKosig Aurora Innovation ( AUR ) announced that its latest software release will triple its commercial driverless trucking network to 10 routes and enable expansion across the U.S. Sun Belt beginning in 2026. Notably, the upgraded Aurora Driver can now support longer-haul lanes, including a roughly 1,000-mile driverless route between Fort Worth and Phoenix that extends beyond current federal hours...
DKosig Aurora Innovation ( AUR ) announced that its latest software release will triple its commercial driverless trucking network to 10 routes and enable expansion across the U.S. Sun Belt beginning in 2026. Notably, the upgraded Aurora Driver can now support longer-haul lanes, including a roughly 1,000-mile driverless route between Fort Worth and Phoenix that extends beyond current federal hours-of-service limits for human drivers, allowing significantly shorter transit times and higher asset utilization for carriers. With the addition of Phoenix, Aurora ( AUR ) said its driverless network now covers lanes including Dallas–Houston, Fort Worth–El Paso, El Paso–Phoenix, Fort Worth–Phoenix, and Dallas–Laredo. Aurora is also rolling out "direct-to-customer" lanes by using its Verifiable AI mapping system to automate map creation after a single manual drive, sharply reducing the time and human effort needed to open new routes and customer endpoints. The company has begun supervised autonomous deliveries to multiple customer facilities, including Hirschbach Motor Lines hauling for Driscoll’s between Dallas and Laredo, Detmar Logistics serving Capital Sand’s mining site in Monahans, Texas, and a leading U.S. carrier from its Phoenix facility. The new software enables driverless operation on highways and surface streets in adverse conditions such as rain, fog, and high winds, which previously constrained operations in Texas about 40% of the time, and is expected to materially increase uptime across the Sun Belt. Following the company's fourth-quarter earnings report, Needham reiterated its Buy rating on Aurora Innovation ( AUR ) and has it listed as a conviction list stock. "The story remains longer dated, but we see '26 as a pivotal execution year, resetting investor sentiment as milestones are achieved and confidence in AUR's longer-term model grows," updated analyst Chris Pierce. The firm has a price target of $13 on Aurora ( AUR ). Shares of AUR moved 0.5% higher in t...
Report on Islamic State says Ahmed al-Sharaa was targeted twice by IS front group that bombed Damascus church Five separate plots to assassinate Syria’s president and top ministers were foiled last year, the UN said on Wednesday in a report on Islamic State. According to the report, the Syrian president, Ahmed al-Sharaa, was targeted twice, once in northern Aleppo and another time in southern Dara...
Report on Islamic State says Ahmed al-Sharaa was targeted twice by IS front group that bombed Damascus church Five separate plots to assassinate Syria’s president and top ministers were foiled last year, the UN said on Wednesday in a report on Islamic State. According to the report, the Syrian president, Ahmed al-Sharaa, was targeted twice, once in northern Aleppo and another time in southern Daraa, by Saraya Ansar al-Sunnah, an IS front group that carried out a bombing of a church in Damascus last summer. Continue reading...
Sylvamo press release ( SLVM ): Q4 Non-GAAP EPS of $1.08 beats by $0.02 . Revenue of $890M (-8.2% Y/Y) beats by $31.24M . In the fourth quarter, Sylvamo generated net income of $33 million and adjusted EBITDA * of $125 million, representing a 14% margin. Cash provided by operating activities was $94 million, and free cash flow * was $38 million. More on Sylvamo Sylvamo Q4 2025 Earnings Preview Syl...
Sylvamo press release ( SLVM ): Q4 Non-GAAP EPS of $1.08 beats by $0.02 . Revenue of $890M (-8.2% Y/Y) beats by $31.24M . In the fourth quarter, Sylvamo generated net income of $33 million and adjusted EBITDA * of $125 million, representing a 14% margin. Cash provided by operating activities was $94 million, and free cash flow * was $38 million. More on Sylvamo Sylvamo Q4 2025 Earnings Preview Sylvamo appoints incoming CEO to board Seeking Alpha’s Quant Rating on Sylvamo Historical earnings data for Sylvamo Dividend scorecard for Sylvamo
Telus Corp. appointed former bank chief Victor Dodig to replace longtime Chief Executive Officer Darren Entwistle , a surprise move for a telecommunications company that’s under pressure from investors over its slow growth. Dodig, who has been an independent director on the company’s board since 2022 and retired as CEO of Canadian Imperial Bank of Commerce last year, will take the helm on July 1, ...
Telus Corp. appointed former bank chief Victor Dodig to replace longtime Chief Executive Officer Darren Entwistle , a surprise move for a telecommunications company that’s under pressure from investors over its slow growth. Dodig, who has been an independent director on the company’s board since 2022 and retired as CEO of Canadian Imperial Bank of Commerce last year, will take the helm on July 1, according to a company statement . His appointment marks the end of Entwistle’s unusually long 26-year tenure at the helm of Telus. It’s the second time the Vancouver-based wireless firm has tried succession. The first was more than a decade ago, when it named Joe Natale as CEO, with Entwistle remaining as executive chair. But Natale stayed just a year and Entwistle moved back into the CEO role in 2015. Dodig is taking the helm at a pivotal time for Telus, which saw its shares drop sharply in the second half of last year amid concerns about growth in its core wireless business and its investment strategy. In December, Telus caved to investor pressure to cut its debt pile by putting future dividend increases on hold. The company has also been selling assets to reduce its leverage. Last year, it sold a 49.9% stake in its wireless towers to Caisse de Depot et Placement du Quebec to raise C$1.26 billion ($929 million). Telus separately reported fourth-quarter results on Thursday, posting adjusted earnings of 20 Canadian cents a share, slightly below estimates.
hapabapa/iStock Editorial via Getty Images One company that I’ve had on my radar for a while is Lucid Group ( LCID ), the luxury EV manufacturer and competitor to leading brands like Tesla ( TSLA ) and Rivian ( RIVN ). While the company lacks the scale or name-brand recognition of these competitors, I believe that the business has a credible path to structural profitability and long-term returns. ...
hapabapa/iStock Editorial via Getty Images One company that I’ve had on my radar for a while is Lucid Group ( LCID ), the luxury EV manufacturer and competitor to leading brands like Tesla ( TSLA ) and Rivian ( RIVN ). While the company lacks the scale or name-brand recognition of these competitors, I believe that the business has a credible path to structural profitability and long-term returns. What’s the catch? In short, the stock has been smoked since coming public in 2021. Shares are down 90% from the SPAC price and more than 98% from all-time highs, performance that reflects broad market skepticism in the company’s high burn rate, and share sales that have inflated the diluted share count by more than 150%: TradingView So far, Lucid has not been a good investment. However, as the company’s upfront investments begin to pay off, deliveries and revenue continue to surge, and new partnerships are announced, it seems as though the firm is starting to stand on solid ground. To be clear, I don’t expect that Lucid is anywhere close to turning the corner on profitability. That would require considerable future investments in scale and significantly higher volumes. However, it seems as though the company has turned a corner, positioning itself so that it may be able to turn the corner at some point in the future. So, if the company won’t be turning a profit anytime soon, then why am I writing about the stock now? In short, high volatility in shares has made selling options on LCID appear highly attractive. By selling far out-of-the-money put options, investors can generate an annualized yield of ~25% while taking very little risk. With this trade, ideally, investors would not be assigned shares of LCID. That said, if the stock does drop by half (or more) over the next 93 days, then getting in at a valuation closer to industry peers could make sense, especially given the strong top-line growth rate. Today, I’ll dive deep into LCID, touch on the valuation, and explain why...
Calian Group press release ( CLNFF ): Q1 Non-GAAP EPS of C$1.03. Revenue of C$208M (+12.4% Y/Y). More on Calian Group Calian Group Ltd. 2025 Q4 - Results - Earnings Call Presentation Calian Group Ltd. (CGY:CA) Q4 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on Calian Group Historical earnings data for Calian Group Dividend scorecard for Calian Group
Calian Group press release ( CLNFF ): Q1 Non-GAAP EPS of C$1.03. Revenue of C$208M (+12.4% Y/Y). More on Calian Group Calian Group Ltd. 2025 Q4 - Results - Earnings Call Presentation Calian Group Ltd. (CGY:CA) Q4 2025 Earnings Call Transcript Seeking Alpha’s Quant Rating on Calian Group Historical earnings data for Calian Group Dividend scorecard for Calian Group
Las políticas arancelarias de Donald Trump sufren un duro golpe en la Cámara de Representantes; las reservas petroleras mundiales crecieron al mayor ritmo desde la pandemia en 2025; China ha comprado petróleo venezolano que ha vendido Estados Unidos; continúa el rally en los mercados japoneses tras el triunfo electoral de Sanae Takaichi. Revés arancelario Las políticas arancelarias de Donald Trump...
Las políticas arancelarias de Donald Trump sufren un duro golpe en la Cámara de Representantes; las reservas petroleras mundiales crecieron al mayor ritmo desde la pandemia en 2025; China ha comprado petróleo venezolano que ha vendido Estados Unidos; continúa el rally en los mercados japoneses tras el triunfo electoral de Sanae Takaichi. Revés arancelario Las políticas arancelarias de Donald Trump enfrentaron su mayor revés hasta ahora luego de que la Cámara de Representantes, con mayoría republicana, aprobara un proyecto para eliminar los gravámenes a las importaciones desde Canadá. Seis republicanos se sumaron a casi todos los demócratas, reflejando divisiones internas en un año electoral marcado por el costo de vida. Aunque el presidente podría vetar la iniciativa y el Senado aún debe pronunciarse, la votación aumenta la presión sobre la Casa Blanca. El debate coincide con la revisión judicial de los aranceles y con señales de tensión en torno al futuro del T-MEC y la estrategia comercial estadounidense. Mundo lleno de crudo Las reservas globales de petróleo registraron un aumento “extraordinario” en 2025, según la Agencia Internacional de la Energía (AIE). Los inventarios de crudo aumentaron en 477 millones de barriles el año pasado, el ritmo más fuerte desde la pandemia, impulsados por un crecimiento de la oferta y una demanda global más débil. Las existencias en países de la OCDE superaron el promedio de cinco años por primera vez en cuatro años, y la AIE proyecta un superávit récord en 2026 de unos 3,7 millones de barriles por día. La acumulación se concentró en China, lo que redujo el impacto de precios, aunque persisten riesgos geopolíticos y de suministro que sostienen al crudo. Nuevos destinos petroleros China ha comprado crudo venezolano que previamente había sido adquirido por Estados Unidos, confirmó el secretario de Energía estadounidense, Chris Wright, sin detallar volúmenes ni precios. Agregó que la “cuarentena petrolera” de Venezuela , tras la int...
This discounted gaming desktop comes with an RTX 5070 Ti, 32GB of DDR5, and 2TB of storage for just $2,199 — AMD Ryzen 7 9700X Gigabyte Aorus build now $300 off Tom's Hardware
This discounted gaming desktop comes with an RTX 5070 Ti, 32GB of DDR5, and 2TB of storage for just $2,199 — AMD Ryzen 7 9700X Gigabyte Aorus build now $300 off Tom's Hardware
Bruker press release ( BRKR ): Q4 Non-GAAP EPS of $0.59 misses by $0.07 . Revenue of $977.2M (-0.2% Y/Y) beats by $12.59M . Bruker initiates FY26 guidance : Revenues of $3.57 to $3.60 billion, up 4% to 5% yoy, with organic growth of 1% to 2% vs. $3.48B consensus Non-GAAP EPS of $2.10 to $2.15, up 15% to 17% yoy, including an ~8% FX headwind vs. $2.14 consensus. More on Bruker Bruker Corporation (B...
Bruker press release ( BRKR ): Q4 Non-GAAP EPS of $0.59 misses by $0.07 . Revenue of $977.2M (-0.2% Y/Y) beats by $12.59M . Bruker initiates FY26 guidance : Revenues of $3.57 to $3.60 billion, up 4% to 5% yoy, with organic growth of 1% to 2% vs. $3.48B consensus Non-GAAP EPS of $2.10 to $2.15, up 15% to 17% yoy, including an ~8% FX headwind vs. $2.14 consensus. More on Bruker Bruker Corporation (BRKR) Presents at 44th Annual J.P. Morgan Healthcare Conference - Slideshow Bruker Corporation (BRKR) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript Bruker: Attractive Valuation Ahead Of An Earnings Inflection Bruker Q4 2025 Earnings Preview Bruker secures $500M in multi-year MRI superconductor orders
US equity futures edge higher as investors await the latest jobless claims data following a strong-than-expected January payrolls report. Nuveen is set to acquire Schroders in a $13.5 billion deal. Anthropic is close to completing its funding round led by investors including Peter Thiel’s Founders Fund and D.E. Shaw, which would value the AI company at around $350 billion. Midterm anxieties grow f...
US equity futures edge higher as investors await the latest jobless claims data following a strong-than-expected January payrolls report. Nuveen is set to acquire Schroders in a $13.5 billion deal. Anthropic is close to completing its funding round led by investors including Peter Thiel’s Founders Fund and D.E. Shaw, which would value the AI company at around $350 billion. Midterm anxieties grow for President Trump as House lawmakers pass legislation aimed at ending his tariffs on Canadian imports. Priya Misra of JPMorgan Asset Management discusses the latest economic data and the Fed's rate path. (Source: Bloomberg)
Altice USA press release ( OPTU ): Q4 GAAP EPS of -$0.15 misses by $0.14 . Revenue of $2.18B (-0.9% Y/Y) beats by $50M . More on Altice USA Optimum Communications, Inc. (OPTU) Presents at UBS Global Media and Communications Conference 2025 Transcript Altice USA Q4 Earnings Preview Holiday movies, key games boost viewership for Disney, Warner Bros. in December — Nielsen Seeking Alpha’s Quant Rating...
Altice USA press release ( OPTU ): Q4 GAAP EPS of -$0.15 misses by $0.14 . Revenue of $2.18B (-0.9% Y/Y) beats by $50M . More on Altice USA Optimum Communications, Inc. (OPTU) Presents at UBS Global Media and Communications Conference 2025 Transcript Altice USA Q4 Earnings Preview Holiday movies, key games boost viewership for Disney, Warner Bros. in December — Nielsen Seeking Alpha’s Quant Rating on Altice USA Historical earnings data for Altice USA