Police and animal rights activists say trail hunting is frequently used as a ‘smokescreen’ for illegal foxhunting The government has said it will ban trail hunting, the rural sport that police and animal rights activists have long accused of being a “smokescreen” for illegal foxhunting. “We pledged to ban trail hunting in our manifesto and that is exactly what we intend to do,” said Sue Hayman, th...
Police and animal rights activists say trail hunting is frequently used as a ‘smokescreen’ for illegal foxhunting The government has said it will ban trail hunting, the rural sport that police and animal rights activists have long accused of being a “smokescreen” for illegal foxhunting. “We pledged to ban trail hunting in our manifesto and that is exactly what we intend to do,” said Sue Hayman, the animal welfare minister. “The nature of trail hunting makes it difficult to ensure wild and domestic animals are not put at risk of being killed or injured – that is clearly unacceptable.” Continue reading...
hapabapa/iStock Editorial via Getty Images Investment Thesis Investment Call: Strong Buy The Nike, Inc. (NYSE: NKE ) de-rating was among the worst in the history of the large-cap consumer brands. In early 2021, it hit an all-time high of about $179, but in March of 2026, it was down over 70% to about $53 per share, burdened by a tariff headwind worth about $1.5 billion per year and the price of a ...
hapabapa/iStock Editorial via Getty Images Investment Thesis Investment Call: Strong Buy The Nike, Inc. (NYSE: NKE ) de-rating was among the worst in the history of the large-cap consumer brands. In early 2021, it hit an all-time high of about $179, but in March of 2026, it was down over 70% to about $53 per share, burdened by a tariff headwind worth about $1.5 billion per year and the price of a complete operational reset. This is the first time Nike has not traded at these levels since 2017. Nike has unmatched brand awareness; despite these headwinds, it is ranked #1 in unaided consumer awareness in athletic footwear and apparel worldwide. The offer by Elliott Hill to restructure the company in a systematic way is showing a positive curve in various operational indicators. Nike is not a structurally handicapped organization but a well-capitalized franchise with a planned reset to sustainable long-run profitability. The 12-month price forecast of $85 is a pointer to mid-cycle EBIT revival and low multiple re-rating as the "Win Now" strategy gains traction. The investment thesis is based on five components that are interconnected. Marketing spend is projected to exceed $5 billion in FY2026, according to LSEG estimates, and Nike has no fewer athletic partnerships than Michael Jordan, LeBron James, Cristiano Ronaldo, Serena Williams, and hundreds more in every major sport. Although On, Hoka, and New Balance have achieved considerable gains in some segments, it would be a major challenge for any new or current rival to replicate over 50 years of brand heritage and global association with athletes. The new CEO, Elliott Hill, had 32 years of experience in business development and retail relationships at Nike before retirement in 2020. The first thing Hill has done to fill the leadership void left by John Donahoe is to recover wholesale as the foundation of the distribution economics of Nike and salvage the relationships that were destroyed. The channel also showed eviden...
Key PointsAn executive at Adaptive Biotechnologies reported the sale of 179,703 shares for about $2.37 million, based on a weighted average price of around $13.21 per share during March 11–13, 2026.
Key PointsAn executive at Adaptive Biotechnologies reported the sale of 179,703 shares for about $2.37 million, based on a weighted average price of around $13.21 per share during March 11–13, 2026.
J Studios/DigitalVision via Getty Images Mortgage rates continued to increase this week, but the housing market is seen to be gradually improving, the latest Freddie Mac ( FMCC ) Primary Mortgage Survey showed . 30-year fixed-rate mortgages averaged 6.38% as of March 26, up from 6.22% last week but below 6.65% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.75%, up from 5.54...
J Studios/DigitalVision via Getty Images Mortgage rates continued to increase this week, but the housing market is seen to be gradually improving, the latest Freddie Mac ( FMCC ) Primary Mortgage Survey showed . 30-year fixed-rate mortgages averaged 6.38% as of March 26, up from 6.22% last week but below 6.65% in the same period a year ago. 15-year fixed-rate mortgages averaged 5.75%, up from 5.54% last week and down from 5.89% a year ago. "The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year," said Sam Khater, Freddie Mac's chief economist. More related to Mortgages Zillow Home Value Index: 'Real' Home Values Continue To Decline Michael Burry says Fannie Mae, Freddie Mac IPOs could come in 2027 'at best' Mortgage demand down for second week as rates rise
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. BlackRock’s Rick Rieder was in Dallas this week meeting with clients and stopped by the Bloomberg office. He travels of...
Welcome to Bloomberg’s Texas Edition — covering all the industries and people driving America’s second-largest economy, from finance and oil to tech and sports. Join us each week for an inside look at Texas through a Bloomberg lens. Sign up here if you’re not already on the list. BlackRock’s Rick Rieder was in Dallas this week meeting with clients and stopped by the Bloomberg office. He travels often, he said, and was favorably impressed by what he saw in North Texas. “You know, there’s a vibrancy of certain parts of the world — and you see the same thing here,” he said. BlackRock is a founding investor in the Texas Stock Exchange, and it escaped Texas’ blacklist of companies that boycott fossil fuels after rolling back some green-focused initiatives. Last year also brought an agreement by its Global Infrastructure Partners business and other investors to buy Plano-based Aligned Data Centers in a $40 billion bet on AI . In short, it’s a good time for BlackRock in Texas. “This is a place that’s getting an awful lot of people coming to it,” said Rieder, BlackRock’s top bond-market executive. “It’s a different feeling than other parts of the country.” I also talked to him about interest rates , the data center boom and whether he was a buyer or seller on the debt being issued to finance the buildout. You can see the rest of the interview here . The Fine Line I just got back from two days in Houston with our energy team (great group) at CERAWeek by S&P Global — the must-attend conference for industry types around the world. I did a bunch of interviews for Bloomberg Television, so here you go. Instead of 13 Fine Lines, you can see all of the interviews by clicking on the blue links. We spoke with NextEra CEO John Ketchum, NRG Energy CEO Lawrence Coben and his successor, Rob Gaudette , about costs and the AI boom. EQT’s CEO, Toby Rice, gave us an overview of LNG opportunities. And Constellation Energy CEO Joseph Dominguez shared his views on natural gas during the Iran wa...
Change is on offer across the political spectrum, but no one knows whether apathy or tactical voting will prevail UK politics live – latest updates Hope, change, progressive change, change with fairness at its heart – from a harbour north of Edinburgh to a hipster arts venue in Glasgow’s Barras Market, Scotland’s political parties spent the first official day of the Holyrood election campaign reac...
Change is on offer across the political spectrum, but no one knows whether apathy or tactical voting will prevail UK politics live – latest updates Hope, change, progressive change, change with fairness at its heart – from a harbour north of Edinburgh to a hipster arts venue in Glasgow’s Barras Market, Scotland’s political parties spent the first official day of the Holyrood election campaign reaching for the phrase that best encapsulates what people will get if they vote for them on 7 May. Only one of the main parties did not hold an event to set out their stall on Thursday: possibly Reform UK was too busy firefighting after another of their Scottish parliament candidates quit , bringing to four the number who have stepped down or been suspended since they stood with party leader Nigel Farage under a storm of turquoise confetti last week . Continue reading...
MoMo Productions/DigitalVision via Getty Images One bank that has recently outperformed my expectations is Community Trust Bancorp, Inc. ( CTBI ). Back in December of last year, I made the decision to downgrade the stock from a ‘buy’ to a ‘hold.’ During the time that I had been bullish on it, the business had performed more or less along the lines of the broader market. But since downgrading it, i...
MoMo Productions/DigitalVision via Getty Images One bank that has recently outperformed my expectations is Community Trust Bancorp, Inc. ( CTBI ). Back in December of last year, I made the decision to downgrade the stock from a ‘buy’ to a ‘hold.’ During the time that I had been bullish on it, the business had performed more or less along the lines of the broader market. But since downgrading it, it has risen 4.2%, while the S&P 500 is down 1%. From a purely fundamental standpoint, the institution is doing quite well. Revenue and profits are rising as net interest margin expands. Asset quality is strong, and the stock is not exactly expensive. At the end of the day, I am rather impressed with what I see here. So impressed, in fact, that I think that upgrading it back to a soft ‘buy’ is logical here. The Picture Has Improved Author - SEC EDGAR Data Perhaps the most interesting metric when it comes to analyzing Community Trust Bancorp right now is its net interest margin. In the chart above, you can see what this was for 2025 compared to 2024, as well as for the final quarter of each of those years. You should notice a nice increase, which, as the chart below illustrates, was instrumental in pushing net interest income for the institution up year over year. This rise, it is worth noting, was driven in large part by the fact that the Federal Reserve has been cutting interest rates. Author - SEC EDGAR Data You see, when rates are high, financial institutions often have to compete with one another for deposits. This means offering higher deposit rates. But as rates have come down, banks have been given cover to slash those rates. In the chart below, you can see certain key aspects of the balance sheet. The chart shows how time deposits as well as savings and demand deposits got cheaper for the company from 2024 to 2025. Long-term debt has also dropped, though it does account for only a relatively small portion of the company's balance sheet. At the same time as this occur...
Second-generation Ray-Ban Meta glasses. | Photo by Amelia Holowaty Krales / The Verge This is Lowpass by Janko Roettgers , a newsletter on the ever-evolving intersection of tech and entertainment, syndicated just for The Verge subscribers once a week. Meta and its AI glasses hardware partner EssilorLuxottica are getting ready to launch the next generation of their Ray-Ban AI glasses. That's accord...
Second-generation Ray-Ban Meta glasses. | Photo by Amelia Holowaty Krales / The Verge This is Lowpass by Janko Roettgers , a newsletter on the ever-evolving intersection of tech and entertainment, syndicated just for The Verge subscribers once a week. Meta and its AI glasses hardware partner EssilorLuxottica are getting ready to launch the next generation of their Ray-Ban AI glasses. That's according to a series of FCC filings for two new Meta Ray-Ban models that were published by the agency earlier this month. The filings describe the tested devices as production units, suggesting that Meta may launch them soon. When the company unveiled its second-generation Ray-Bans in late 2023, it did so a little over a month after the … Read the full story at The Verge.
When petroleum prices surge, investors often rush to embrace the usual suspects. Those include exploration and production equities as well as shares of integrated oil giants. With conflict raging in Iran, that approach has been rewarded. Still, there are other beneficiaries of elevated oil prices, some of which may surprise investors. Renewable energy stocks, including solar energy names, have a k...
When petroleum prices surge, investors often rush to embrace the usual suspects. Those include exploration and production equities as well as shares of integrated oil giants. With conflict raging in Iran, that approach has been rewarded. Still, there are other beneficiaries of elevated oil prices, some of which may surprise investors. Renewable energy stocks, including solar energy names, have a knack for shining when oil surges because the commodity is costlier to consume, and the economic allure of renewables comes into focus. That brings us to NextEra Energy (NYSE: NEE) . Continue reading
Meta shares fell 6% to a 10-month low on Thursday after rulings this week found the Facebook parent failed to adequately warn or protect young users, stoking concerns about billions of dollars in fines from new cases and follow-on litigation. Jurors in the first two U.S. trials from a wave of lawsuits accusing social media companies of harming children have found Meta liable, a development that...
Meta shares fell 6% to a 10-month low on Thursday after rulings this week found the Facebook parent failed to adequately warn or protect young users, stoking concerns about billions of dollars in fines from new cases and follow-on litigation. Jurors in the first two U.S. trials from a wave of lawsuits accusing social media companies of harming children have found Meta liable, a development that could set up an appeals fight challenging long-standing legal protections for tech firms. A Los Angeles jury found Meta and Google liable on Wednesday for a young woman's depression linked to alleged addiction to Instagram and YouTube, awarding $6 million in damages.
Speaking at a Cabinet meeting at the White House, President Trump says Iran gave him a present of allowing 10 boats of oil to sail through the Strait of Hormuz. (Source: Bloomberg)
Speaking at a Cabinet meeting at the White House, President Trump says Iran gave him a present of allowing 10 boats of oil to sail through the Strait of Hormuz. (Source: Bloomberg)
Key PointsEzra Uzi Yemin sold a combined 140,006 shares across two separate transactions -- on March 4 and March 18, 2026 -- for a total of roughly $6.1 million.
Key PointsEzra Uzi Yemin sold a combined 140,006 shares across two separate transactions -- on March 4 and March 18, 2026 -- for a total of roughly $6.1 million.
Sunshine Seeds/iStock via Getty Images EQT Corporation ( EQT ) is positioned at the intersection of two high-growth markets, including domestic gas power demand and LNG export capacity. With gas power expected to be more heavily utilized to light up large-scale data centers, EQT’s assets are strategically located to service this market, particularly when considering its vertically integrated upstr...
Sunshine Seeds/iStock via Getty Images EQT Corporation ( EQT ) is positioned at the intersection of two high-growth markets, including domestic gas power demand and LNG export capacity. With gas power expected to be more heavily utilized to light up large-scale data centers, EQT’s assets are strategically located to service this market, particularly when considering its vertically integrated upstream and midstream operations. In addition to this, increasing LNG capacity along with global gas supply disruptions may lead to a stronger LNG export market in the U.S. along with more appealing pricing, positioning EQT to realize durable growth over the coming years. With strong market dynamics at play, I am recommending EQT shares with a Strong Buy rating with a price target of $93.59/share at 10.18x eFY27 EV/aEBITDA. EQT Corporation Operational Update Corporate Filings EQT is realizing improved well production through its compression projects, flattening the decline curve and improving production yields by 15%+. In addition to this, EQT’s drilling and completion program improved in cost-per-lateral-foot as a result of more efficient drilling. EQT’s major advantage in the power supply market is its vertically integrated operations, controlling both production and midstream assets that can provide significant versatility in delivering gas to end customers. As part of its initiative to bolster midstream operations, EQT is set to purchase additional interest in MVP Mainline as part of its joint venture with Blackstone and MVP Boost independently for a sum of $115mm. Following the investments in additional equity interest, EQT’s total investment will increase to 53%. Strategically, EQT has an appealing position as a gas producer and midstream operator in which the firm can flex its marketing capabilities to exploit arbitrage pricing during periods of heightened demand. This level of flexibility can be exceptionally beneficial during periods of adverse weather events when gas ...
Writer and feminist organizer Gloria Steinem and chief investment officer for Michael Dell’s family office Alisa Mall, both spoke at a Bloomberg New Voices event in New York March 23, 2026. Gloria Steinem spoke about financial independence, establishing her 'talking circles' and the balance of control of assets in a wide-ranging conversation with Morgan Stanley Managing Director Sherry Paul. Alisa...
Writer and feminist organizer Gloria Steinem and chief investment officer for Michael Dell’s family office Alisa Mall, both spoke at a Bloomberg New Voices event in New York March 23, 2026. Gloria Steinem spoke about financial independence, establishing her 'talking circles' and the balance of control of assets in a wide-ranging conversation with Morgan Stanley Managing Director Sherry Paul. Alisa Mall predicts a dispersion in private credit performance, which will require close attention to details to find "gems" that can be accessed at a discount. She spoke to Bloomberg's Dani Burger.New Voices (Source: Bloomberg)
Stephen Lovekin/Getty Images Entertainment Brown-Forman ( BF.B ) soared 11% on a report that Pernod Ricard SA ( PDRDF) is weighing a potential purchase of the maker of Jack Daniel's whiskey. Pernod Ricard ( PDRDF ) has had some initial talks with Brown-Forman ( BF.B ) about a deal, according to a Bloomberg report on Thursday, which cited people familiar with the matter. Deliberations are ongoing, ...
Stephen Lovekin/Getty Images Entertainment Brown-Forman ( BF.B ) soared 11% on a report that Pernod Ricard SA ( PDRDF) is weighing a potential purchase of the maker of Jack Daniel's whiskey. Pernod Ricard ( PDRDF ) has had some initial talks with Brown-Forman ( BF.B ) about a deal, according to a Bloomberg report on Thursday, which cited people familiar with the matter. Deliberations are ongoing, and there’s no certainty they will result in a deal, the people told Bloomberg. Pernod Ricard and Brown-Forman didn’t immediately respond to Bloomberg requests for comment. More on Brown-Forman, Pernod Ricard Brown-Forman: There's Enough Reason To Turn Neutral (Rating Upgrade) Brown-Forman Corporation (BF.B) Presents at UBS Global Consumer and Retail Conference Transcript Brown-Forman Corporation (BF.B) Q3 2026 Earnings Call Transcript Most sold large, mega-cap consumer staples amid U.S.-Iran tensions Quant rated large and mega-cap consumer staples: Carrefour, AB InBev tops list
Earnings Call Insights: M-tron Industries, Inc. (MPTI) Q4 2025 Management View Cameron Pforr, CFO & CEO, highlighted a strong finish to fiscal 2025, emphasizing "continued strength in M-tron sales and good financial performance for Q4 FY 2025." He noted, "Bookings growth was particularly strong with a 62% increase in backlog over the 2024 year-end figure." Pforr stated, "Our revenues continue to b...
Earnings Call Insights: M-tron Industries, Inc. (MPTI) Q4 2025 Management View Cameron Pforr, CFO & CEO, highlighted a strong finish to fiscal 2025, emphasizing "continued strength in M-tron sales and good financial performance for Q4 FY 2025." He noted, "Bookings growth was particularly strong with a 62% increase in backlog over the 2024 year-end figure." Pforr stated, "Our revenues continue to be driven by defense-related orders and strong improvement in the commercial aircraft or what we call the avionics sector." The company made "strategic investments in research and development and continued our efforts to increase the market profile of the company." Pforr referenced the recent signing of 7-year production agreements between Lockheed Martin, Raytheon, and the Department of War, with M-tron as a significant vendor to both companies' precision-guided munition programs, calling this "one of the most significant growth areas for M-tron." On capital structure, Pforr stated, "We added $10.7 million of cash through operations. In December 2025, we sent a new loan agreement with Fifth Third Bank...Currently, we have no debt outstanding and haven't drawn upon this line." The company closed a warrant offering, raising $27.5 million in net proceeds for potential acquisitions. Pforr said, "This offering is designed to support accretive acquisitions, the ability to perform carve-outs or participate in carve-outs, transactions of scale, the pursuit of strategic investments and also to expand our internal capabilities to meet demand." Pforr announced an upcoming rights offering to further expand acquisition flexibility, with details on share pricing to be disclosed next week. Pforr noted, "At the end of the period, M-tron had $20.9 million of cash on the balance sheet, with an additional $27.5 million being transferred early January 2026 to the company from our transfer agent as warrant proceeds." Outlook Management expects continued expansion of the defense program business...
Dime announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on April 24, 2026 to common stockholders of record as of April 17, 2026. The Company continues its trend of uninterrupted dividends. The board of directors
Dime announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on April 24, 2026 to common stockholders of record as of April 17, 2026. The Company continues its trend of uninterrupted dividends. The board of directors