Tech megacaps entered a correction, oil prices broke out, big-money funds retreated and small-lot investors showed waning conviction in buying the dip. While the war in Iran that triggered all that didn’t end a three-year bull run in US equities, it is shaking it to its core. With one day to go in March, the S&P 500 Index is on track for the worst month and worst quarter since 2022. Technology sto...
Tech megacaps entered a correction, oil prices broke out, big-money funds retreated and small-lot investors showed waning conviction in buying the dip. While the war in Iran that triggered all that didn’t end a three-year bull run in US equities, it is shaking it to its core. With one day to go in March, the S&P 500 Index is on track for the worst month and worst quarter since 2022. Technology stocks were hit particularly hard, owing to a double-whammy of geopolitical angst and worries over disruption from artificial intelligence that pushed the likes of Microsoft Corp. and Adobe Inc. down at least 25% this year. For investors who witnessed the Nasdaq 100 Index fall into correction territory this month with a decline of more than 10% from its peak — and the S&P 500 not far behind — concern is high that more pain could be ahead. Fighting in Iran shows no signs of easing, while a supply shock stemming from the interruption of oil flows through the Strait of Hormuz threatens to crimp corporate profits and eat into growth. “Until this month, every dip was a buying opportunity,” Steve Sosnick , chief strategist at Interactive Brokers, said by phone. “As the month has worn on, the hope, the FOMO, the market’s willingness to rally on relatively slender pieces of news has diminished. We need something more concrete.” Below are five charts that show how the US equities market has fared over the course of the quarter. Mind the Performance Gap As anxiety about the disruptive impact of artificial intelligence mixed with uncertainty over tensions in the Middle East, investors dumped tech megacaps, the stock market’s biggest winners in 2025, in droves. That’s put the S&P 500 on track for its worst quarter relative to an equal-weight version of the gauge since 2001, when the dot-com bubble was bursting. The equal-weighted S&P 500 is down 8% from its February record and is testing a few key support levels, according to JC O’Hara , chief technical strategist at Roth Capital Partners...
(Bloomberg) -- Tech megacaps entered a correction, oil prices broke out, big-money funds retreated and small-lot investors showed waning conviction in buying the dip. While the war in Iran that triggered all that didn’t end a three-year bull run in US equities, it is shaking it to its core. With one day to go in March, the S&P 500 Index is on track for the worst month and worst quarter since 2022....
(Bloomberg) -- Tech megacaps entered a correction, oil prices broke out, big-money funds retreated and small-lot investors showed waning conviction in buying the dip. While the war in Iran that triggered all that didn’t end a three-year bull run in US equities, it is shaking it to its core. With one day to go in March, the S&P 500 Index is on track for the worst month and worst quarter since 2022. Technology stocks were hit particularly hard, owing to a double-whammy of geopolitical angst and wo
The Supreme Court found that a man had done more than harass a woman by kissing her hand as there had been "a clear sexual component" to his behaviour.
The Supreme Court found that a man had done more than harass a woman by kissing her hand as there had been "a clear sexual component" to his behaviour.
WarSec Hegseth Says "Upcoming Days Decisive" In Iran After Trump Signals Potential 'Off-Ramp' Summary WarSec Hegseth saw "upcoming days will be decisive" , strikes will continues without any deal President Trump signals off-ramp , tells world "go get your own oil", says Iran 'decimated' * * * Secretary of War Hegseth Says 'Upcoming Days Will Be Decisive', 'Damaging Iran Military Morale' WarSec Heg...
WarSec Hegseth Says "Upcoming Days Decisive" In Iran After Trump Signals Potential 'Off-Ramp' Summary WarSec Hegseth saw "upcoming days will be decisive" , strikes will continues without any deal President Trump signals off-ramp , tells world "go get your own oil", says Iran 'decimated' * * * Secretary of War Hegseth Says 'Upcoming Days Will Be Decisive', 'Damaging Iran Military Morale' WarSec Hegseth's comments were not quite a "Mission Accomplished" but definitely a reflection on the courage and completion of "systematically destroy" Iran's military capabilities. Here are Hegseth's key points (via Bloomberg): HEGSETH: VISITED TROOPS FIGHTING IN IRAN OPERATION OVER WEEKEND HEGSETH: AMERICAN FIREPOWER INCREASING, IRAN'S DECREASING HEGSETH: UPCOMING DAYS WILL BE DECISIVE HEGSETH: IRAN WILL STILL SHOOT SOME MISSILES, WE WILL SHOOT DOWN HEGSETH: OUR STRIKES DAMAGING IRAN MILITARY MORALE HEGSETH: STRIKES LEADING TO WIDESPREAD IRAN MILITARY DESERTIONS HEGSETH: REGIME CHANGE HAS OCCURRED IN IRAN HEGSETH: IF IRAN ISN’T WILLING TO MAKE DEAL, US WILL CONTINUE HEGSETH: US STRIKES WILL CONTINUE W/ MORE INTENSITY W/O DEAL Watch the feed here: * * * Off-Ramp Imminent? Trump Tells World "Go Get Your Own Oil" Via Strait After 'Decimating' Iran There's been a lot of speculation that the White House is preparing to find a 'mission accomplished' declaration moment, as 'any offramp will do' as a way to avoid a costly potential quagmire of introducing ground troops, and we may be seeing the start of one. After comments apparently leaked to The Wall Street Journal overnight that Trump is willing to leave Iran with the Strait unopened , the President has clarified his thinking in his out loud voice this morning. President Trump has posted on social media this morning, clearly signaling he is further down the road towards an off-ramp: All of those countries that can’t get jet fuel because of the Strait of Hormuz, like the United Kingdom, which refused to get involved in the decapitation o...
Over the last 7 days, the United States market has experienced a 3.5% drop, yet it has risen by 14% over the past year with earnings projected to grow by 15% annually in the coming years. In this environment, growth companies with high insider ownership can be particularly appealing as they may align management's interests with shareholders and potentially drive significant earnings growth.
Over the last 7 days, the United States market has experienced a 3.5% drop, yet it has risen by 14% over the past year with earnings projected to grow by 15% annually in the coming years. In this environment, growth companies with high insider ownership can be particularly appealing as they may align management's interests with shareholders and potentially drive significant earnings growth.
(RTTNews) - Wealth manager AlTi Global, Inc. (ALTI) announced Tuesday that Nancy Curtin has been appointed Interim Chief Executive Officer of AlTi and to its Board of Directors, effective immediately.
(RTTNews) - Wealth manager AlTi Global, Inc. (ALTI) announced Tuesday that Nancy Curtin has been appointed Interim Chief Executive Officer of AlTi and to its Board of Directors, effective immediately.
Robert Way The news that Nvidia's ( NVDA ) Vera Rubin GPU line has had a design change to 2-die from 4-die is likely the reason memory stocks fell sharply on Monday, GF Securities said. “In our view, due to the complexity of 4-die packaging, we do see low likelihood of 4-die design; on the other hand, we now expect two versions: 1) Rubin Ultra 2-die; and 2) Rubin Ultra 2-die x 2,” analyst Jeff Pu ...
Robert Way The news that Nvidia's ( NVDA ) Vera Rubin GPU line has had a design change to 2-die from 4-die is likely the reason memory stocks fell sharply on Monday, GF Securities said. “In our view, due to the complexity of 4-die packaging, we do see low likelihood of 4-die design; on the other hand, we now expect two versions: 1) Rubin Ultra 2-die; and 2) Rubin Ultra 2-die x 2,” analyst Jeff Pu wrote in a note to clients. “The latter is to assemble two Rubin Ultra 2-die package at PCB level. Subsequently, one Kyber compute blade will consist of either four 2-die packages or two 2+2-die packages. Our view is also consistent with the roadmap shown at GTC 2026 of four compute dies in a module for Rubin Ultra.” On Monday, shares of memory and storage makers such as Micron Technology ( MU ), Seagate Technology ( STX ), Western Digital ( WDC ), and Sandisk ( SNDK ) all fell between 4.5% and 10%, drastically underperforming the broader market. Despite the change, Pu said there is not much impact on components inside Vera Rubin, as he believes “fewer packaged dies will lead to a higher volume of packaged Rubin Ultra.” For the memory component, the use of the next-generation of high-bandwidth memory (HBM4E) in Vera Rubin is roughly in line with original expectations, at 64 GB per cube. He also noted that there is “no impact” to other components, such as optical, “due to the same scale-out bandwidth.” More on Nvidia and memory makers Sandisk: TurboQuant Fears Miss The Bigger Picture Micron: The Competition Is Catching Up Micron: Don't Fall For The Low P/E - It's A Value Trap Nvidia, Broadcom, Monolithic Power, and Marvell are Oppenheimer's top chip picks Memory, storage and optical stock declines drag down chip sector
President Donald Trump urged countries hit by Strait of Hormuz fuel disruptions to buy from the U.S. or “take it” themselves in remarks highlighting tensions with allies over the Iran war. Trump’s remarks come as several U.S. partners, including the United Kingdom, France, and Germany, have stopped short of offering direct military support, instead calling for de-escalation and diplomatic engageme...
President Donald Trump urged countries hit by Strait of Hormuz fuel disruptions to buy from the U.S. or “take it” themselves in remarks highlighting tensions with allies over the Iran war. Trump’s remarks come as several U.S. partners, including the United Kingdom, France, and Germany, have stopped short of offering direct military support, instead calling for de-escalation and diplomatic engagement. The reluctance reflects domestic political constraints and broader concerns about being drawn into a widening regional conflict. The fallout has been felt most acutely in energy markets. Disruptions around the Strait of Hormuz, a critical chokepoint for global oil and refined fuel shipments, have strained supply chains, particularly for aviation fuel, leaving several import-dependent economies exposed. "You’ll have to start learning how to fight for yourself, the U.S.A. won’t be there to help you anymore, just like you weren’t there for us. Iran has been, essentially, decimated. The hard part is done. Go get your own oil!" Trump said on Truth Social. Trump’s remarks highlight a divergence in approach between Washington and some of its allies, with the United States taking a more direct role in the conflict while European governments have focused on containment. The situation has added to volatility in global energy markets, with oil prices rising and supply concerns intensifying as the conflict continues. More on Brent Futures Commodities: Oil Eases As Report Suggests War Could End Without Hormuz Reopening Real Yields, Oil, Conflict Scenarios The Ceasefire Is Slipping Away Brent crude set for biggest monthly gain on record as Iran war jolts oil markets Oil could spike to $200 if Hormuz ‘near-closure’ persists, Fesharaki says
The Miskolc facility will supply global automakers including BMW, Volvo, Tesla and Jaguar, producing aluminium castings, engine blocks and other components.
The Miskolc facility will supply global automakers including BMW, Volvo, Tesla and Jaguar, producing aluminium castings, engine blocks and other components.
designer491/iStock via Getty Images Co-authored with Hidden Opportunities You've had those days when you start early, jump straight into solving problems, putting out fires, and juggling deadlines, and before you know it, it's dark outside. It was no doubt a productive day; you got things done, but you didn't really get a break. You didn't recharge. The day just disappeared. You can't even remembe...
designer491/iStock via Getty Images Co-authored with Hidden Opportunities You've had those days when you start early, jump straight into solving problems, putting out fires, and juggling deadlines, and before you know it, it's dark outside. It was no doubt a productive day; you got things done, but you didn't really get a break. You didn't recharge. The day just disappeared. You can't even remember what you had for lunch. That's adulthood for most of us. We stay busy, push ourselves towards career growth, and chase the next big project, the next big raise, and the next promotion. You are thirsty for more, and it matters very much, but it also means our income is tied to our time and our constant involvement. Both of these are finite. Imagine if some part of your effort kept paying you even when you weren't actively working. Like collecting a small fee every time a piece of code you wrote was run or earning a cut each time a design you created was produced. What if the work you did once produces rewards that keep flowing? That's the simple power behind royalties. Musicians, actors, and other artists often retain royalty rights to their content and get paid whenever their work is featured. While you can't patent most of your output at work, you can tap into the power of royalties. It's not about doing more. It's about owning streams that continue to pay, even when your day is already full. Let's now review our top royalty picks for March. Pick #1: KRP - Yields 9.8% Kimbell Royalty Partners LP ( KRP ) holds mineral royalty interests in 17 million gross acres across 28 states, spanning key energy basins in the country. The royalty firm ended December 2025 with 85 rigs actively drilling on its acreage, and this represents 16% of all land rigs drilling in the United States. The company also declared a $0.37/share distribution for Q4, in line with our expectations, and noted that they expect 100% of the payout to be considered Return of Capital for tax purposes. This distr...
After years of seizing up when volatility surged, Europe’s market for stock offerings appears to be powering through this time — at least for now. The continent had the strongest quarter for equity capital markets transactions excluding rights issues in the last four years, driven by multibillion-dollar deals, according to data compiled by Bloomberg. The $33.2 billion raised included the world’s l...
After years of seizing up when volatility surged, Europe’s market for stock offerings appears to be powering through this time — at least for now. The continent had the strongest quarter for equity capital markets transactions excluding rights issues in the last four years, driven by multibillion-dollar deals, according to data compiled by Bloomberg. The $33.2 billion raised included the world’s largest -ever initial public offering by a defense company and a record private equity-led selldown. That’s up from $29 billion last quarter and the most since $47.8 billion was raised in the fourth quarter of 2021. Europe’s ECM bankers think the streak could continue, but that hinges on investors holding their nerve. The risk lies in a prolonged conflict in the Middle East slamming the brakes on economic growth and reversing the course of inflation and interest rates, something equity markets seemingly haven’t fully priced in. Concerns around disruption from artificial intelligence and turmoil in private credit market only adds to the worries. “Investors have bad memories from so-called Liberation Day — many of the bigger institutions massively reduced risk, but then things didn’t turn out as bad as they feared,” said Andreas Bernstorff , global head of ECM at BNP Paribas SA . “We will see how the impact of the war plays out when companies give guidance in their first-quarter earnings, but in the meantime investors are staying exposed, waiting for the signal to let the market rip,” he said. Since the war broke out, $19.5 billion has been raised on European bourses through the sale of new and existing shares, making March the busiest month for ECM transactions since October 2021, according to data compiled by Bloomberg. The figure mostly reflects overnight placements, including a 4.9 billion Swiss franc ($6.1 billion) selldown in Galderma Group AG and a 3.9 billion franc capital increase by Zurich Insurance Group AG . Overnight share sales “can still get done despite the mar...
Welcome to our guide to the commodities driving the global economy. Today, energy reporter Dan Murtaugh explores why the benchmark crude oil price has yet to reflect the global supply crisis arising from the war in the Middle East. A month into the Iran war, signs of oil’s growing scarcity are almost everywhere, from grounded flights to sold-out filling stations and — as of today — $4 gasoline in ...
Welcome to our guide to the commodities driving the global economy. Today, energy reporter Dan Murtaugh explores why the benchmark crude oil price has yet to reflect the global supply crisis arising from the war in the Middle East. A month into the Iran war, signs of oil’s growing scarcity are almost everywhere, from grounded flights to sold-out filling stations and — as of today — $4 gasoline in the US. But the biggest-ever disruption to physical supplies has yet to become fully apparent in one surprising place: the price of the main crude benchmarks. Sure, Brent futures have risen at an unprecedented pace this month, but they’re still hovering in the low $100s per barrel — a level the world coped with pretty comfortably in non-crisis times such as the early 2010s. If this is one of the worst oil crunches in history, then why aren’t we staring at record prices? For one, the world began the year chock-full of supplies, with US shale wells and deepwater platforms in Brazil and Guyana filling up tankers faster than buyers could unload them. And this month, as the war unfolded, the International Energy Agency agreed to release a record volume of oil from emergency reserves to keep prices in check. Some traders are also afraid to be caught pushing prices too far in the wrong direction. At times, a single tweet by US President Donald Trump has been enough to send the market crashing, only for attacks to then escalate further. Some say they don’t dare hold positions into the weekend, when some of the biggest strikes have taken place. Fuel prices, however, have risen far faster because of strict specifications that limit market size and liquidity. Jet fuel in Europe, for example, has already surged to all-time highs, equivalent to more than $215 a barrel. This disconnect between the cost of crude and fuel is unlikely to last forever. We might soon reach the point where desensitized traders no longer react to messages from the White House aimed at talking down prices. The b...
halbergman/E+ via Getty Images Oaktree Specialty Lending's ( OCSL ) 2025 cut of its base dividend and continued dip in net asset value ("NAV") as of its most recent quarter have caused its common shares to trade at their steepest discount to NAV per share since it became a publicly traded security. This discount could represent upside for the common shares, with OCSL reporting a NAV of $16.30 per ...
halbergman/E+ via Getty Images Oaktree Specialty Lending's ( OCSL ) 2025 cut of its base dividend and continued dip in net asset value ("NAV") as of its most recent quarter have caused its common shares to trade at their steepest discount to NAV per share since it became a publicly traded security. This discount could represent upside for the common shares, with OCSL reporting a NAV of $16.30 per share for its fiscal 2026 first quarter ending December 31, 2025. This was down around $0.34 per share sequentially from $16.64 per share in the prior quarter and was $1.43 billion on a nominal basis. The figure has been broadly on a downward trend since 2024. Critically, the gap between the commons and NAV has widened to 32.88%, or around 67 cents on the dollar. OCSL was last rated investment grade at " BBB- " by Fitch Ratings. The bull case is now built around a narrowing of this discount in aggregate with a yield that's providing a positive spread above the U.S. 10-year Treasury yield ( US10Y ) at 4.38%. Data by YCharts Oaktree Specialty Lending Fiscal 2026 First Quarter Presentation OCSL's investments at fair value of $2.95 billion as of the end of its first quarter grew by 3.60% sequentially and by around 4% from its year-ago comp, with the number of portfolio companies ending the first quarter at 167. This portfolio had a weighted average yield on debt investments of 9.3%, down around 140 basis points from 10.7% in the year-ago quarter and from 9.8% sequentially. This dip can be explained by 91.3% of debt investments originating with floating interest rates, which track the Fed funds rate. Hence, with 100 basis points of rate cuts in 2024 followed by 75 basis points of rate cuts in 2025, the broader macroenvironment has not been conducive to BDC credit yields. Total investment income for the fourth quarter came in at $75.1 million , down 13.3% over its year-ago comp and a miss by $190,000 on consensus estimates. GAAP net investment income ("NII") was $36.7 million, ar...
These five stocks each play a distinct role in powering the next wave of Artificial Intelligence, from pure-play AI cloud providers to mega-cap compounders.
These five stocks each play a distinct role in powering the next wave of Artificial Intelligence, from pure-play AI cloud providers to mega-cap compounders.