In this article NXT-GB Follow your favorite stocks CREATE FREE ACCOUNT Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the Middle East region ...
In this article NXT-GB Follow your favorite stocks CREATE FREE ACCOUNT Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the Middle East region will not only restrain growth in the region but is also likely to have a knock-on effect on costs, selling prices, and consumer demand in the rest of the business, warned British retailer Next on Thursday. The company has accounted for £15 million ($20 million) of additional costs likely to arise from the conflict, such as fuel and air freight, assuming the disruption lasts for three months. Increased costs will not affect guidance as they have been offset by savings elsewhere, it added. "Beyond the next three months, if we see these costs persist, then we will begin to pass costs through as higher pricing," the company said early on Thursday as it reported results for the fiscal year ending January. The Middle East represents about 6% of Next's total turnover. An extended war in the Gulf region could mean a double whammy for retailers as it may increase inflationary pressures and disrupt supply chains, leading to an overall higher cost base. It could also hurt demand as consumers are increasingly squeezed by the increased cost of living, resulting in less spending on discretionary items. The Iran war and effective closure of the Strait of Hormuz have sent oil and gas prices soaring since the first strikes on Feb. 28, and has upended inflation forecasts in Europe and beyond. Companies' price-hike expectations and wages for new hires were some of the key inflation indicators that the European Central Bank will monitor, its Chief Economist Philip Lane said on Wednesday. Cost pressure H&M said Thursday that "current geopolitical instability in the Middle East could, if extende...
Kevin Dietsch Warner Bros. Discovery ( WBD ) will hold a special meeting of stockholders to vote on its $110B transaction with Paramount Skydance ( PSKY ) on April 23, the company said Thursday. The company continues to expect the transaction to close in the third quarter this year. In the event the transaction has not closed by September 30, WBD shareholders will receive a $0.25 per share “tickin...
Kevin Dietsch Warner Bros. Discovery ( WBD ) will hold a special meeting of stockholders to vote on its $110B transaction with Paramount Skydance ( PSKY ) on April 23, the company said Thursday. The company continues to expect the transaction to close in the third quarter this year. In the event the transaction has not closed by September 30, WBD shareholders will receive a $0.25 per share “ticking fee” for each quarter (measured daily) until closing, the company said. Source: Press Release More on Warner Bros. Discovery, Paramount Skydance Corporation Paramount Skydance: A Debt-Heavy, Risky, Long-Term Stock Debt Will Eat Paramount's Future Returns Warner Bros. Discovery And Paramount Skydance: A Lower-Risk Arb Play And A Leveraged Bet CBS News to cut 6% of workforce; shutters New Radio division -- report Oscars ratings fall to 17.86M, snapping post-pandemic growth streak
KGHM Polska Miedz S.A. ( KGHPF ): FY GAAP EPS of $9.73. Revenue from contracts with customers came in at $30.96B (+3.6% Y/Y). Gross profit: 4.78 B PLN in 2025, up from 4.39 B PLN in 2024 Net profit of PLN 3.7B, or 28% higher compared to 2024. EBITDA amounted to PLN 10.3B (+22% yoy), of which 48% was earned by the international assets. Capital expenditures by the KGHM Group amounted to PLN 3.9B and...
KGHM Polska Miedz S.A. ( KGHPF ): FY GAAP EPS of $9.73. Revenue from contracts with customers came in at $30.96B (+3.6% Y/Y). Gross profit: 4.78 B PLN in 2025, up from 4.39 B PLN in 2024 Net profit of PLN 3.7B, or 28% higher compared to 2024. EBITDA amounted to PLN 10.3B (+22% yoy), of which 48% was earned by the international assets. Capital expenditures by the KGHM Group amounted to PLN 3.9B and were 0.2% lower compared to 2024. More on KGHM Polska Miedz S.A. KGHM Polska Miedz S.A. (KGHPF) Shareholder/Analyst Call Prepared Remarks Transcript Historical earnings data for KGHM Polska Miedz S.A. Financial information for KGHM Polska Miedz S.A.
Pla2na/iStock via Getty Images The US dollar ( DXY ) is trading in narrow trading ranges against the G10 currencies today, but the calm in the foreign exchange market belies stress in other parts of the capital markets. Equities and bonds have been sold. The hope that an end to the Middle East conflict has faltered amid the conflicting signals from the US, which is sending thousands of more troops...
Pla2na/iStock via Getty Images The US dollar ( DXY ) is trading in narrow trading ranges against the G10 currencies today, but the calm in the foreign exchange market belies stress in other parts of the capital markets. Equities and bonds have been sold. The hope that an end to the Middle East conflict has faltered amid the conflicting signals from the US, which is sending thousands of more troops to the region, fanning fears of a ground invasion of some time, while Tehran countered US proposals with a set of their own conditions. Front-month WTI and Brent oil futures are trading at new highs for the week. President Trump’s initial 48-hour ultimatum was replaced with a five-day grace period, which ostensibly ends tomorrow. The uncertainty hangs heavy and can be expected to dampen risk appetites today and tomorrow barring constructive developments. The conflict can be on the edge of significant escalation or a resolution. Prices G10 • The euro was already struggling to sustain the upside momentum after stalling near $1.1630 yesterday in front of Monday’s high (~$1.1640), but the Iranian news agency rejection of the US ceasefire proposal was a buzzkill. The single currency subsequently was sold briefly through Tuesday’s low, slightly below $1.1560. It spent most of the North American afternoon trading in a narrow range below $1.1580. The euro is in a narrow range today, unable to make much headway above $1.1570, and hovering near a three-day low, slightly below $1.1550. A convincing break may target $1.1525 ahead of Monday’s low (~$1.1485). There are almost 2.6 bln euros of options at $1.15 and nearly 2 bln euros of options at $1.16 expiring today. • Even without the benefit of higher US yields, the dollar crept higher against the Japanese yen yesterday. The session high was recorded in the NY afternoon near JPY159.50. This was marginally above Tuesday’s high (~JPY159.20) but below Monday’s high (~JPY159.65). The dollar remains firm but trading choppily between about ...
primeimages/iStock via Getty Images The benefits of diversifying across asset classes as a risk management tool are widely accepted, but what’s easily overlooked is that the relative benefits wax and wane over time. That doesn’t invalidate global asset allocation, but it does serve as a reminder that your mileage will vary. There are several ways to measure asset allocation’s value for portfolio d...
primeimages/iStock via Getty Images The benefits of diversifying across asset classes as a risk management tool are widely accepted, but what’s easily overlooked is that the relative benefits wax and wane over time. That doesn’t invalidate global asset allocation, but it does serve as a reminder that your mileage will vary. There are several ways to measure asset allocation’s value for portfolio design and management. A useful first step is tracking how return correlations vary through time. In contrast with the popular approach of looking at a single snapshot and calling it a day, reviewing rolling numbers offers a more realistic profile of the dynamic nature of correlations, which in turn helps manage expectations for how global asset allocation will perform. Let’s start with a top-down review of the median correlation for all major asset classes using a rolling 1-year window of daily data. The current reading is 0.42 (see chart below). As a recap, correlations range from –1.0 (perfect negative correlation) to +1.0 (perfect positive correlation). The latest value indicates a moderately low degree of positive correlation, which has fallen substantially from above 0.65 a few years ago. In other words, the implied benefits of diversification across major asset classes have strengthened. One could say that investors are getting more bang for the asset allocation buck lately. Keep in mind that a range of correlations is the basis for holding multiple asset classes. If everything was perfectly correlated, there would be no point in holding more than one asset. Back in the real world, the next chart focuses on how correlations have changed from the viewpoint of a US stock fund—in this case, Vanguard’s Total Stock Market ETF ( VTI ). The three lines compare VTI with equities in developed markets ex-U.S. ( VEA ), emerging markets ( VWO ), and U.S. bonds ( BND ). Drilling down further, the table below summarizes how correlations stack up over the trailing 5-year window for ...