Richard Rodriguez/Getty Images News The Financial Stability Oversight Council introduced on Wednesday new guidance for regulators to use in labeling non-bank firms, such as hedge funds, a risk to financial stability. The new interpretation revises a Biden-era framework that was issued in 2023, which contended that oversight of non-banks hadn't kept up with the investment firms' expansion in the financial sector. "Today’s proposed guidance would return the Council to prioritizing an activities-based approach where we focus first on risks that arise from specific activities and practices across markets, rather than single out individual firms," said Treasury Secretary Scott Bessent, who also heads the FSOC. The new guidelines incorporate economic growth and economic security into the FSOC's analysis of risk. "Economic growth provides the foundation for financial stability, and economic security, in turn, supports economic growth," the council said in a statement. They also prioritize an activities-based approach in identifying and assessing risks to financial stability. That "would enhance the rigor of the Council’s activities and facilitate the Council’s efforts to consider impediments to economic growth and economic security when identifying potential risks to U.S. financial stability," it noted. A cost-benefit analysis would also become part of the process. The FSOC would only label a company as a risk to the financial system " if the expected benefits justify the expected costs." It would also "assess the likelihood of the company’s material financial distress as part of its analysis of potential benefits and costs of a designation." Furthermore, before labeling a non-bank as a risk to financial stability, the council would provide steps the financial company or regulators could take to address the threat and allow time for the risks to be addressed. "Providing this opportunity to mitigate identified risks would enhance the transparency of the designation process ...

Swiss Islamic scholar Tariq Ramadan was sentenced on Wednesday to 18 years in prison by a Paris criminal court for the rape of three women. The verdict marks the latest fall from grace for the former Oxford University professor, who faces a string of rape allegations in Switzerland and France and has already been convicted in the former. A charismatic yet controversial figure in European Islam, Ramadan has always maintained his innocence. While he had been on trial in Paris since March 2 for...

Yahoo Finance's Dan Howley chats with anchor Josh Lipton about the landmark court ruling that found Meta (META) and Google (GOOG, GOOGL) liable for $6 million in damages over charges of addictive platform design, setting a key precedent as thousands of similar cases loom.

As the Sweet 16 of March Madness tips off, multiple athletes are now earning over $1 million from NIL deals.

Earnings Call Insights: Worthington Enterprises (WOR) Q3 2026 Management View Joseph Hayek, President, CEO & Director, stated that "We performed very well in Q3 and generated strong earnings growth, which is a reflection of the tremendous effort that our team exhibits every day." He emphasized that Q3 delivered "strong year-over-year growth in revenue, adjusted EBITDA and earnings per share," with revenue up over 24% from last year and SG&A expenditures declining by 70 basis points as a percentage of sales. Hayek highlighted product innovation, capacity expansion, customer service, and strategic acquisitions as core growth drivers, and said, "ASME water tanks used for liquid cooling and data centers are a great example, and our pipeline is rapidly growing as data centers increasingly utilize liquid cooling solutions." Hayek noted the completed acquisition of LSI in January, calling it "a leading U.S. manufacturer of standing seam metal roofing clips, components and retrofit systems that enhances our position in engineered building systems." He remarked, "Our integration efforts are off to a good start, and we're excited about the growth prospects that we have together." Hayek mentioned, "AI is now embedded across many of our applications, and our focus is shifting from experimentation to operational impact, deploying AI in specific workflows where it can drive measurable efficiencies." Colin Souza, VP & CFO, said, "We delivered strong financial results in Q3, reporting GAAP earnings of $0.92 per share compared to $0.79 per share in the prior year period." He added, "Excluding these items in both periods, adjusted earnings were $0.98 per share, up from $0.91 in the prior year quarter and marking our sixth consecutive quarter of year-over-year growth in adjusted EPS and adjusted EBITDA." Outlook Hayek indicated, "We believe we are very well positioned to capitalize on our strengths and continue to grow our market share as end markets improve." He also stated, "Global ...

With six years to go until Social Security hits insolvency, lawmakers agree that the future of the program is a mess — but that’s about all they can agree on.

The dollar index (DXY00 ) on Wednesday rose by +0.22%. The dollar recovered from early losses on Wednesday and moved higher after Iran said it rejected the latest US peace proposal. Also, Wednesday's US economic news, showing the Feb import price index ex-petroleum posting its biggest increase in 4 years,...

Shares for the world’s top meat producer JBS NV jumped the most in nearly seven months on better-than-expected US beef margins even as a massive cattle shortage pushes industry costs higher. Chief Executive Officer for JBS USA Wesley Batista Filho cautioned that the market environment remains difficult and that the analysis on quarterly data alone can be “misleading.” “The beginning of the first quarter has been probably the most challenging we’ve seen in this industry in a very long time,” Batista Filho said. Volatility in cattle and beef prices has been heightened, he added, which allowed the company to take some “good positions,” aiding quarterly margins. The executive didn’t detail those positions, other than to say they involved “selling product out front.” The North American beef unit posted fourth-quarter earnings before items such as taxes and interest of $56 million. While that’s down almost 50% from a year earlier, it surprised analysts who were expecting a loss. “US Beef was the main positive surprise of the quarter, returning to positive margins despite the still challenging backdrop for cattle availability,” analysts at BTG Pactual led by Thiago Duarte wrote in a note following earnings. JBS stock jumped as much as 9% in New York in its biggest intraday advance since Aug. 27. For JBS’s Brazil operations, global Chief Executive Officer Gilberto Tomazoni said the company is confident on its ability to keep beef results in line with the past year. That’s as JBS is set to face a new threat to the industry from rising costs in its country of origin. Cattle prices are now rising in Brazil due to a cyclical shift in the market, as ranchers are holding back female cattle to rebuild herds. That move is recent, and isn’t reflected in JBS’s fourth-quarter results. It marks a potential shift ahead, as the company so far has benefited from lower costs in the South American country. Still, Brazil’s increasing number of feedlots and recent improvements in animal nutri...

Micron Technology's Earnings Skyrocketed 771% Last Quarter. This Is a Key Reason Why Its Growth Was So Incredible The Globe and Mail

Wesdome Gold Mines ( WDO:CA ) entered into an automatic share purchase plan with National Bank Financial to facilitate buybacks. The plan supports repurchases under its previously approved normal course issuer bid. The company is authorized by the Toronto Stock Exchange to repurchase up to 2% of its public float over 12 months. The plan allows share buybacks during internal trading blackout periods. The NCIB runs from November 7, 2025, to November 6, 2026. Wesdome can repurchase up to 182,093 shares daily, based on trading volume limits. More on Wesdome Gold Mines Ltd. Wesdome Gold Mines Ltd. (WDO:CA) Q4 2025 Earnings Call Transcript Wesdome Gold: High-Grade Canadian Producer Trading At A Discount Wesdome Gold Mines Non-GAAP EPS of $0.78, revenue of $287.88M; expects to produce 180,000 to 205,000 ounces in FY26 Historical earnings data for Wesdome Gold Mines Ltd. Financial information for Wesdome Gold Mines Ltd.

Valero had to take its largest refinery offline during a war-related energy supply shortage.

Key PointsValero had to shut down its largest refinery following an explosion.

Inside Meta’s play to turn 250M SMBs into AI customers New York Post

阿富汗媒体报道，25日下午，一架客机在喀布尔国际机场降落时因技术故障滑出跑道。报道说，这架客机隶属于阿富汗唯一国有航空运营商阿里亚纳航空公司，执飞由阿富汗西北部中心城市赫拉特飞往首都喀布尔的航线。客机滑出跑道后在机场范围内停下，所有乘客和机组人员从安全逃生口离开飞机并安全疏散。(新华社)

【有線新聞】兩元乘車優惠下周五起改為「兩元兩折」，社區組織協會在本台節目說，對離島或跨區上班的長者影響較大，建議善用節省的開支支援這批長者。實政圓桌就認為要求交通營辦商分擔長者優惠並不可行。 「兩元兩折」下，10元以上車費改以正價兩折計算，預計政府來年節省5.5億元。社區組織協會幹事連瑋翹在本台節目「政經CHAT」指，相信不太影響長者的外出意欲，但難免有部分長者開支會增加。「例如長洲或離島的群體，或者是在新界區，他們跨區，經西隧去港島區上班，也真的有這些長者存在。會否真的想一些聚焦的措施，譬如離島的，會否有些月票的計劃，是政府可以用節省到的錢聚焦去幫這些長者。」 有意見要求交通營辦商提供更多長者優惠，實政圓桌召集人田北辰認為成本只是轉嫁到其他乘客身上。「你要乘搭長車，你真的要這麼貴，政府已經幫了那麼多，你自己也要出多一些，你有選擇的。它（營辦商）賺錢少了，或者虧錢多了，那便要求加價。特別為長者做些事，是一個政府的責任，營辦商是一個商業營運。」 兩人都相信「兩元兩折」有助改善「長車短搭」問題，但同時需要增加短途車班次，田北辰又指長途車設分段收費未必可行。「如果它設了分段收費，最大的問題會令長途線多了很多短途客，它要開多很多長途線，很多長途線到最後又怎樣，就加價。」連瑋翹：「我想長遠一些都要去規劃一下，會否有更加長者友善的交通規劃，多一些區內、社區生活的路線，而非整個交通系統都是為上班而設計。」連瑋翹又期望「兩元兩折」可以維持，不要隨便改動。

BlackRock Inc. ’s Rick Rieder reiterated his view that the Federal Reserve should cut interest rates, shrugging off speculation of hikes tied to the war with Iran. “Small businesses, young people, low income, are really getting hurt by this interest rate,” Rieder, BlackRock’s top bond-market executive, said in an interview in Dallas. Fluctuating energy prices may justify some patience in lowering rates, but the Fed should still move quickly to bring them down, Rieder added. Rieder’s rate-cut advocacy aligns with the White House’s demands for looser monetary policy, and he made President Donald Trump’s short list of candidates to succeed Jerome Powell as Fed chair. Trump, who has criticized Powell for not cutting interest rates quickly enough, ultimately selected Kevin Warsh for the post in January. Rieder, who oversees roughly $3 trillion as BlackRock’s chief investment officer for fixed income, has in recent weeks ramped up efforts to raise money for his first hedge fund in years. The TriaXial fund is said to combine ideas across BlackRock’s fixed-income business. Read More: BlackRock’s Rieder Seeks Cash for Hedge Fund After Fed Race He was visiting Texas as BlackRock intensifies investments in the state, where the company has courted conservative leadership after pushback over its climate-focused initiatives. Last year, Texas removed BlackRock from a list of companies that it accused of boycotting fossil fuels. State entities had withdrawn billions of dollars from BlackRock during a three-year standoff over the company’s climate policies. BlackRock exited the Net Zero Asset Managers initiative and shifted its participation in Climate Action 100+, a group of investors that aims to cut greenhouse gas emissions. The company was also an early investor in the Texas Stock Exchange.

design master/iStock via Getty Images The PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund ( LTPZ ) has suffered collateral damage from the Iran war, falling back to its lowest level since mid-2025. In doing so its real expected yield has risen to 2.7%, offering a great opportunity for investors willing to take on the risk of high volatility due to its sensitivity to interest rate expectations. The economy and US government in particular cannot sustain such elevated real yields and it is likely a matter of time before the Fed steps in to lower them. The falling bond yields and rising inflation expectations that would likely result could easily see the LTPZ double in value. Rising Inflation A Double Edge Sword The LTPZ holds a portfolio of inflation linked bonds with maturities of 15 years and above, with an average effective maturity of 21.8 years and an effective duration of 19.6 years. This makes the ETF extremely sensitive to changes in long term rate expectations, which can be seen in the chart below where the LTPZ is shown alongside 30-year inflation-linked bond yields. It currently offers a yield of 2.7% less its 0.2% expense fee, plus the reported inflation rate, meaning that in theory rising inflation benefit the ETF. Over the long term the LTPZ should perform almost identically to similar maturity regular bonds such as the ones held by the iShares 20+ Year Treasury ETF ( TLT ) if actual reported inflation comes in in line with current expectations of 2.2%. If inflation averages higher, the LTPZ will outperform, but it will still return 2.7% real if held to maturity. It is also worth noting that the LTPZ is significantly less liquid than the TLT. LTPZ Total Return Vs US 30-Year TIPS Yield (Bloomberg) When inflation expectations rise as they have in recent weeks following the oil price spike, the LTPZ tends to outperform the TLT as investors chase inflation linked bonds driving their yields down. Typically, a 1% rise in long term inflation expectations lea...

Victor Golmer/iStock Editorial via Getty Images A 'wrong call' always necessitates a review of where I went wrong (if I did) and what, as in this case, caused the company to climb rather than to be "flat" or negative, as I characterized in my previous article on the company Takeda ( TAK ), found here. That pharma is volatile needs no qualification. We all know pharma is a volatile business. That Takeda, for the past 20 years, has not been the best sort of investment is also well-known. Since 2005, the company has averaged less than 3% per year. It has, as such, been a long-term investment failure for those who have held onto their shares for this long. F.A.S.T Graphs Takeda This naturally doesn't mean that it's always a bad investment. In my last article, I had a "Hold" rating for the stock. The company, contrary to that rating, outperformed significantly. But was this a matter of results, or was it a result of expectations of exuberance? Is the growth "hollow", or is there actually some substance to it, something we can build on for a forward future expectation? That's the main question here. Because I never deny that the markets can act in exuberance. This is not the important part. If my failure to forecast was, however, on the basis of an objective result outperformance I did not see, that's a different issue altogether. Takeda is a fundamentally sound business. This is not, nor has it ever really been, in dispute by me. With a BBB+ credit rating and a yield of over 3.4%, I can attest that the company is sound. The other variables are, to put it mildly, less convincing. In those, we find a negative earnings growth rate (retrospective) as well as a very high rate of uncertainty in forecasts, well above 50%. I intend to qualify in my article the thing that would make the company investable and whether this is enough for me to look beyond its risk. Takeda - The outperformance has very little objective basis So, with the risk of disappointing some readers, it's my c...

【有線新聞】宏福苑火災聽證會第四場，繼續由居民作供。多名一度被困的居民都稱，入夜後由消防員帶走時都先後在樓梯跨過一些物體，意識到是屍體。 聽證會舉行至第四場，多名居民繼續作供。住在宏泰閣14樓的八旬婆婆冼善卿指，當日下午3時半開始報警，前後打了近十次999，每次都有人接聽。由於行動不便，只能留在單位等候救援，與救援人員透過電話保持聯絡，對方不停強調「一定會有人上來」。入夜後，四名消防員成功入屋，幫她套上氧氣罩，問她單位為何這麼少煙，冼婆婆指待救期間有用水淋向單位對出的棚網，亦開啟風扇及抽氣扇將攻入單位的濃煙抽出窗，四名消防員都向她豎起手指公，隨即帶她離開。 她見到電梯旁的單位已燒穿一個大洞，身體感到很㷫。消防又提她走落兩層到12樓時，會有隻「大公仔」要跨過，叫她不用怕，她意識到可能是屍體。最終晚上九時許成功逃生抵達大堂，她稱十分感動，感謝消防及警方，形容是香港的驕傲。 另一作供都是宏泰閣居民、住在10樓的張次濂，他作供稱起火初時想與太太一同逃生，不過推開防煙門，濃煙隨即湧上來，於是退回單位，並將一位鄰居接回家中，互相照應。下午4時多，單位外的棚網已燒著，即使塞緊門罅，濃煙都不停湧入，他稱毛巾不停濕水，但很快變乾。再過兩小時，鄰居已呼吸不了，他自己意識亦開始迷糊，消防有來電查問單位內的情況，他稱當時生氣回應：「一直不來營救，已經死了43人，再問就多3個。」晚上8時終於有人撞門，他形容當時見到五、六個天使，頭上有光環，是消防員的頭燈，還想自己是否已經過身。消防將他們三人救出單位，但他已經無力行走，當時沖下樓梯的水像溫泉般熱、牆壁燙手，消防員提他提起腳，跨過了不知名的圓形物體。

Summit Therapeutics (NASDAQ: SMMT) has grown in prominence over the past three years, moving from a small-cap biotech to a large-cap valuation, driven by regulatory progress for its leading candidate, ivonescimab, a cancer medicine already approved in China. This drug could challenge the world's best-selling oncology therapy, Keytruda. However, Summit Therapeutics faces near-term uncertainty, and there is one key reason why its share price could drop significantly by year-end. Meanwhile, smaller biotechs like Axsome Therapeutics (NASDAQ: AXSM) and Madrigal Pharmaceuticals (NASDAQ: MDGL) have ongoing developments that could see them overtake their larger peer by the end of 2026. Image source: Getty Images. Summit Therapeutics recently filed an application with the U.S. Food and Drug Administration (FDA) for ivonescimab, in combination with chemotherapy, for the treatment of EGFR-mutated non-small cell lung cancer (NSCLC). The application is based on a global study, with 38% of participants from Western countries (excluding China). Continue reading

Image source: The Motley Fool. Wednesday, March 25, 2026 at 4:30 p.m. ET Need a quote from a Motley Fool analyst? Email pr@fool.com Continue reading

Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . As a Brit who moved to Canada, Alberta’s independence movement has been giving me a case of déjà vu. Mark Carney’s probably feeling it, too. Almost 10 years ago, UK Prime Minister David Cameron held a public vote on whether his country should leave the European Union, betting he could nip a nagging secession movement in the bud. He campaigned against Brexit and lost. Carney, who was governor of the Bank of England at the time, had to deal with the economic aftermath. Now, Alberta separatists who want the province to leave Canada are gathering signatures to trigger a referendum. They only need 177,732 names by May, equivalent to 6% of Alberta’s voting-age population. Alberta Premier Danielle Smith says she’s against secession. But she called a Oct. 19 vote on other measures to increase Alberta’s sovereignty, including taking more control over immigration policy, and her government lowered the number of signatures required for placing the break-up question on the ballot. Of course, this time there’s also a wild card – US President Donald Trump, who launched a trade war with Canada and has suggested he wants to make it the 51st state. Alberta is not the UK, and separatist sentiments in western Canada are not brand new. The province has its own, long-running issues driving a possible “Wexit.” To understand the forces behind this movement and get a handle on how things might go, I spoke with the premier and with activists on both sides of the debate, along with business executives and economist Trevor Tombe, who looked at the Alberta Prosperity Project’s draft fiscal plan for an independent state. So what’s happening in Alberta doesn’t look the same as Brexit. In fact, it’s interesting for all sorts of different reasons. But it bears understanding – and watching. You can read the whole story here . Also in to...

TORONTO, March 25, 2026 (GLOBE NEWSWIRE) -- “ This year , we delivered solid net earnings driven by significant investment gains across our mining portfolio , alongside sizeable monetization transactions that strengthened Dundee’s year-end cash position and financial flexibility , ” said Jonathan Goodman, President and Chief Executive Officer of Dundee Corporation. “With a strong balance sheet and ample liquidity, we are in a strong position to redeploy capital toward returns-focused growth and deliver sustained shareholder value.”

Intel shares jump as investors refocus on 18A/Panther Lake execution and foundry optionality Quiver Quantitative

Stock Market Today, March 25: Advanced Micro Devices Rises After Reports of CPU Price Increases The Motley Fool

有报道称埃隆・马斯克旗下的 SpaceX 最快将于本周提交上市申请，周三太空概念股应声飙升。 卫星设计公司 AST SpaceMobile 与 Rocket Lab 股价均上涨约 10%。今年 8 月上市的火箭制造商 Firefly Aerospace 股价攀升 16%；今年 1 月完成 IPO 的航天企业 York Space 受此消息影响上涨 5%。 据科技媒体 The Information 报道，备受市场期待的 SpaceX 上市或将募资超 750 亿美元。此前曾报道，此次 IPO 有望成为史上规模最大的首次公开募股，目标估值达 1.75 万亿美元。 上月，SpaceX 收购了马斯克旗下的 xAI，合并后公司整体估值为 1.25 万亿美元。 涵盖国防领域企业的太空板块，受益于 SpaceX 上市预期、特朗普总统提出的 “金色穹顶” 防御系统计划，以及人工智能基础设施需求的激增。 为支撑人工智能而快速扩建的数据中心被认为是电力成本上涨的原因之一。将数据中心部署到太空被提议作为解决方案，但面临诸多障碍，包括高昂成本与火箭发射资源有限。 SpaceX 目前运营着星链星座，在轨卫星数量超 9500 颗。今年 1 月，马斯克提出一项更宏大的计划，拟发射 100 万颗卫星，该计划因环境威胁遭到科学家强烈反对。 责任编辑：丁文武