Companies linked to Indonesian billionaire Prajogo Pangestu said they would buy back shares, in a bid to shore up prices after last week’s market meltdown. PT Barito Pacific , PT Chandra Asri Pacific and PT Petrindo Jaya Kreasi plan share repurchases of as much as a combined 3.75 trillion rupiah ($224 million), according to filings to the Indonesia Stock Exchange on Tuesday and Wednesday. The comp...
Companies linked to Indonesian billionaire Prajogo Pangestu said they would buy back shares, in a bid to shore up prices after last week’s market meltdown. PT Barito Pacific , PT Chandra Asri Pacific and PT Petrindo Jaya Kreasi plan share repurchases of as much as a combined 3.75 trillion rupiah ($224 million), according to filings to the Indonesia Stock Exchange on Tuesday and Wednesday. The companies will buy shares from Feb. 4 to May 3. Shares of Barito Pacific jumped as much as 9.6%, the most since Sept. 24, following the announcements. Chandra Asri and Petrindo Jaya Kreasi also gained. “In light of the recent market volatility, the Group’s management believes that its immediate priority is to help support market stability while reaffirming our full commitment to the group’s long-term strategic business expansion,” said a Barito Pacific spokesperson in an email response for comment. With regards to new requirements to raise minimum free float to 15% from 7.5%, “we are closely monitoring ongoing regulatory developments and will await further regulatory guidance,” the spokesperson said. The share buybacks come as Indonesia’s market saw its worst two-day rout in nearly three decades at one point last week, spurred by MSCI Inc.’s concerns over investability and warning of a potential downgrade to frontier-market status. Prajogo-owned firms were among the hardest hit in the selloff, whose net worth dropped by around $9 billion after his energy and mining companies slid. “The Indonesian tycoons are trying to signal the market that their stocks are cheap. It is a show of confidence,” said John Foo , founder of Valverde Investment Partners Pte. “The next few weeks will be uncertain due to the MSCI overhang.” At the heart of MSCI’s concerns is the low free float of Indonesian equities. Many of the country’s largest companies are thinly traded and controlled by a small number of wealthy individuals — a structure that investors say distorts index performance and increases ...
New York, New York--(Newsfile Corp. - February 3, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or acquirers of senior notes by Oracle Corporation (NYSE: ORCL) issued pursuant and/or traceable to the Shelf Registration Statement filed with the SEC on March 15, 2024, and as supplemented on September 25, 2025 (together, the "Offering Documents"), of the New York ...
New York, New York--(Newsfile Corp. - February 3, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or acquirers of senior notes by Oracle Corporation (NYSE: ORCL) issued pursuant and/or traceable to the Shelf Registration Statement filed with the SEC on March 15, 2024, and as supplemented on September 25, 2025 (together, the "Offering Documents"), of the New York State class action lawsuit filed on their behalf. SO WHAT: If you purchased or acquired Oracle senior notes you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Oracle class action, go to https://rosenlegal.com/submit-form/?case_id=51135 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as ...
LeManna/iStock via Getty Images Home price deflation is underway in many high-population centers in Canada and America, see Housing Market Is Shifting Back Toward an Advantage for Buyers on the front page of yesterday’s Wall Street Journal : “ The proliferation of discounts and incentives offers the latest evidence that the housing market is tilting back in the buyer’s favour.” The US housing mark...
LeManna/iStock via Getty Images Home price deflation is underway in many high-population centers in Canada and America, see Housing Market Is Shifting Back Toward an Advantage for Buyers on the front page of yesterday’s Wall Street Journal : “ The proliferation of discounts and incentives offers the latest evidence that the housing market is tilting back in the buyer’s favour.” The US housing market had over 600k more sellers than buyers in December - the largest such gap on record in seasonally adjusted data going back to 2013 - and 62% of buyers last year purchased a home below the original listing price - the highest proportion since 2019 (Redfin data). The average discount for the homes that sold below their original listing price was around 8% - the largest since 2012. Existing homeowners tend to be more price-anchored and less willing/able to reduce, but builders are in the business of building and selling homes, not holding them. Builders have been slashing prices and offering incentives (free upgrades, reimbursement of closing costs, mortgage rate buydowns, etc.). The premium for new over existing US homes has fallen to zero for the first time in at least a decade (shown below since 2015, courtesy of John Burns Research). A downtrend in new-home prices typically pulls resale prices lower as well. Prices are moving lower, but the scale of the bubble that was is still hard for many to appreciate. Here’s a downtown Toronto condo, purchased for 698K in October 2022, tried selling for 750K in May 2023, then down to 500K by last month, just relisted for 525K. Here’s another 2-bed, 2-bath, 1-parking with balcony, nicely updated, last sold in May 2018 for $580k, now asking $499k — 14% lower than it sold for 8 years ago. And the markdowns are happening far beyond downtown condos. In December 2020, amid the COVID-19 pandemic, a builder purchased a bungalow in a desirable location, steps from Lake Simcoe, one hour north of Toronto, for $690k ( see here) . After demolis...
Lucid makes some impressive cars, but it turns out beating Bugattis down the drag strip is the easy part. When Lucid Group (LCID +2.09%) first came on the scene with its Air electric sports sedan in 2021, it looked for a moment as if Tesla (TSLA +0.00%) had met its match. The Air was priced competitively with Tesla's flagship, the Model S, and it topped the Model S and Bugatti Chiron in a quarter-...
Lucid makes some impressive cars, but it turns out beating Bugattis down the drag strip is the easy part. When Lucid Group (LCID +2.09%) first came on the scene with its Air electric sports sedan in 2021, it looked for a moment as if Tesla (TSLA +0.00%) had met its match. The Air was priced competitively with Tesla's flagship, the Model S, and it topped the Model S and Bugatti Chiron in a quarter-mile drag race with a time of 9.1 seconds (the Tesla and Bugatti tied with 9.3-second times.) Then the reviews came out, and the Air seemed to be the better car by quite a margin. It was cheaper, faster, and had a longer range than the Tesla Model S, along with more cargo space and better build quality and features. But despite all that, Lucid has not only failed to unseat the American electric vehicle (EV) market king, but it's also on the ropes financially. And even with the release of its Gravity SUV and a celebrity ad campaign featuring Timothée Chalamet and directed by James Mangold, Lucid and its admittedly impressive cars haven't moved the needle enough for me to consider buying shares. There's simply still too much risk here. Expand NASDAQ : LCID Lucid Group Today's Change ( 2.09 %) $ 0.21 Current Price $ 10.51 Key Data Points Market Cap $3.3B Day's Range $ 10.16 - $ 10.61 52wk Range $ 9.50 - $ 35.90 Volume 289K Avg Vol 8.5M Gross Margin -9790.92 % More like a lucid nightmare First, the good news, because there isn't much. In the company's latest reported quarter, the third quarter of 2025, it recorded revenue of $337 million, up 68.5% over Q3 2024 on the back of a 47% year-over-year increase in new vehicle deliveries. It's all downhill from there. Over the course of 2025, Lucid burned through almost half of its cash reserves. It started the year with over $5 billion, and as of Sept. 30, it has $2.9 billion remaining. Couple that with the company's $2.8 billion in total debt (up 2% year over year), and the financial picture isn't looking particularly dreamy. It gets...
Key Points Lucid is spending cash rapidly while its revenue is swallowed up by increasing costs. The company is losing almost $1 billion per quarter. It has a high debt load relative to its dwindling cash reserves. 10 stocks we like better than Lucid Group › When Lucid Group (NASDAQ: LCID) first came on the scene with its Air electric sports sedan in 2021, it looked for a moment as if Tesla (NASDA...
Key Points Lucid is spending cash rapidly while its revenue is swallowed up by increasing costs. The company is losing almost $1 billion per quarter. It has a high debt load relative to its dwindling cash reserves. 10 stocks we like better than Lucid Group › When Lucid Group (NASDAQ: LCID) first came on the scene with its Air electric sports sedan in 2021, it looked for a moment as if Tesla (NASDAQ: TSLA) had met its match. The Air was priced competitively with Tesla's flagship, the Model S, and it topped the Model S and Bugatti Chiron in a quarter-mile drag race with a time of 9.1 seconds (the Tesla and Bugatti tied with 9.3-second times.) Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Then the reviews came out, and the Air seemed to be the better car by quite a margin. It was cheaper, faster, and had a longer range than the Tesla Model S, along with more cargo space and better build quality and features. But despite all that, Lucid has not only failed to unseat the American electric vehicle (EV) market king, but it's also on the ropes financially. And even with the release of its Gravity SUV and a celebrity ad campaign featuring Timothée Chalamet and directed by James Mangold, Lucid and its admittedly impressive cars haven't moved the needle enough for me to consider buying shares. There's simply still too much risk here. More like a lucid nightmare First, the good news, because there isn't much. In the company's latest reported quarter, the third quarter of 2025, it recorded revenue of $337 million, up 68.5% over Q3 2024 on the back of a 47% year-over-year increase in new vehicle deliveries. It's all downhill from there. Over the course of 2025, Lucid burned through almost half of its cash reserves. It started the year with over $5 billion, and as of Sept. 30, it has $2.9 billion remaining. Couple that with the company's $2.8 billion in total debt (up 2% year over year), and t...
A year after Vietnam elevated its relations with Washington to the highest diplomatic level, an internal document shows its military was taking steps to prepare for a possible American “war of aggression” and considered the United States a “belligerent” power, according to a report released on Tuesday. More than just exposing Hanoi’s duality in approach towards the US , the document confirms a dee...
A year after Vietnam elevated its relations with Washington to the highest diplomatic level, an internal document shows its military was taking steps to prepare for a possible American “war of aggression” and considered the United States a “belligerent” power, according to a report released on Tuesday. More than just exposing Hanoi’s duality in approach towards the US , the document confirms a deep-seated fear of external forces fomenting an uprising against the communist leadership in a “colour revolution”, like the 2004 Orange Revolution in Ukraine, or the 1986 Yellow Revolution in the Philippines. Other internal documents that The 88 Project, a human rights organisation focused on human rights abuses in Vietnam, cited in its analysis point to similar concerns over US motives in Vietnam. Advertisement “There’s a consensus here across the government and across different ministries,” said Ben Swanton, co-director of The 88 Project and the report’s author. “This isn’t just some kind of fringe element or paranoid element within the party or within the government.” US president Joe Biden raises a toast during a state luncheon with Vietnam president Vo Van Thuong in Hanoi on September 11, 2023. Photo: AP The original Vietnamese document titled “The 2nd US Invasion Plan” was completed by the Ministry of Defence in August 2024. It suggests that in seeking “its objective of strengthening deterrence against China, the US and its allies are ready to apply unconventional forms of warfare and military intervention and even conduct large-scale invasions against countries and territories that ‘deviate from its orbit’”. Advertisement While noting that “currently there is little risk of a war against Vietnam”, the Vietnamese planners write that “due to the US’ belligerent nature we need to be vigilant to prevent the US and its allies from ‘creating a pretext’ to launch an invasion of our country”.
SusanneB/E+ via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Yacktman's 13F stock portfolio on a quarterly basis. It is based on Affiliated Management Group's ( AMG ) Yacktman Asset Management 13F Form filed on 02/03/2026. Please visit our Tracking Yacktman Asset Management series to get an idea of their investment philosophy and our previo...
SusanneB/E+ via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to Yacktman's 13F stock portfolio on a quarterly basis. It is based on Affiliated Management Group's ( AMG ) Yacktman Asset Management 13F Form filed on 02/03/2026. Please visit our Tracking Yacktman Asset Management series to get an idea of their investment philosophy and our previous update for the fund's moves during Q3 2025. This quarter, AMG's Yacktman Asset Management ( YACKX ) ( YAFFX ) ( YASSX ) 13F portfolio value decreased from $7.26B to $7.14B. The number of holdings increased from 70 to 72. The largest holding is Canadian Natural Resources at 8.90% of the 13F portfolio. Largest five individual stock positions are Canadian Natural Resources, Microsoft, Fox Corp, Charles Schwab, and Alphabet. Together they account for ~32% of the 13F portfolio. The firm currently holds around ~9% cash. The portfolio is concentrated, with recent 13F reports showing around 70 individual positions. 38 of their stakes are significantly large (over ~0.5% of the 13F portfolio each) and they are the focus of this article. Note: Three of their top holdings in their flagship Yacktman Fund are not in the 13F report as they are not US listed 13F securities -Bollore SA ( BOIVF ), Samsung Electronics ( SSNLF ) Preferred, and Hyundai Mobis. The fund has generated alpha since their 1992 inception (10.51% annualized compared to 9.95% for the Russell 1000 Value Index and 10.84% for the S&P 500 index). New Stakes: iShares MSCI South Korea ETF ( EWY ) : EWY is a 1.56% of the portfolio position purchased this quarter at prices between ~$81 and ~$101. The stock currently trades well above that range at ~$124. Stake Increases: U-Haul Holding Company ( UHAL ) : The ~4% of the portfolio UHAL position saw a ~50% stake increase during Q1 & Q3 2020 at prices between $24.20 and $38.40. Q2 2021 saw another ~75% stake increase at prices between $52.70 and $63.20. That was followed with a ...
Australia is weighing a price floor for critical minerals, including rare earths, to help its producers counter China’s dominance and draw foreign investment to build new mines and processing projects. The nation, holder of the fourth-largest rare earth reserves, is among countries weighing a minimum price for the critical minerals used in everything from defense industries to tech firms to help p...
Australia is weighing a price floor for critical minerals, including rare earths, to help its producers counter China’s dominance and draw foreign investment to build new mines and processing projects. The nation, holder of the fourth-largest rare earth reserves, is among countries weighing a minimum price for the critical minerals used in everything from defense industries to tech firms to help producers compete in a market saturated by Chinese supply. The policy would rely on support from Export Finance Australia, the government’s export credit agency, Resources Minister Madeleine King said at a press conference in Washington DC, where representatives from multiple countries gathered for a Trump administration–convened summit on critical minerals. “We will work to make sure Export Finance Australia has the right financial tools to be able to introduce price floors,” she said. Australia was well behind China in processing and refining of rare earths and would need to work hard to catch up, King said, adding that the country’s resources industry has always depended on foreign investment. The move comes just a day after US President Donald Trump announced plans to launch the so-called Project Vault, a strategic critical-minerals stockpile with $12 billion in seed money to slash America’s reliance on Chinese rare earths and other metals. China has a near-monopoly over processed critical minerals and has previously used supply as leverage during trade disputes. The European Union will pitch the US on a critical minerals partnership to curb China’s influence, looking to shape the Trump administration’s push to strike global agreements this week. Like the US, Australia is planning to build its own critical minerals stockpiles, albeit smaller at A$1.2 billion ($843 million). The government will initially focus on purchasing rare-earth elements, antimony and gallium. The effort sits alongside a landmark pact Australia signed with the US in 2025 to boost America’s access to...