Scheme for accusers of store’s former owner Mohamed Al Fayed to close before end of retailer’s internal investigation Harrods has been accused of being “neither fair nor just” over its decision to close a compensation scheme for survivors of alleged sexual abuse by the luxury department store’s former owner Mohamed Al Fayed. Kingsley Hayes, partner at KP Law, which is representing nearly 280 survi...
Scheme for accusers of store’s former owner Mohamed Al Fayed to close before end of retailer’s internal investigation Harrods has been accused of being “neither fair nor just” over its decision to close a compensation scheme for survivors of alleged sexual abuse by the luxury department store’s former owner Mohamed Al Fayed. Kingsley Hayes, partner at KP Law, which is representing nearly 280 survivors, questioned why the scheme was being closed on Tuesday 31 March, before Harrods had completed an internal investigation into what happened and who knew about it. Continue reading...
Christopher Furlong/Getty Images News Aerospace and defense companies are heading into first-quarter earnings with geopolitical tensions firmly in focus, but early signals suggest limited near-term disruption to commercial demand, analyst Matthew Akers of BNP Paribas said in a March 30 note to clients. Recent conflict involving Iran has yet to meaningfully alter customer behavior for major manufac...
Christopher Furlong/Getty Images News Aerospace and defense companies are heading into first-quarter earnings with geopolitical tensions firmly in focus, but early signals suggest limited near-term disruption to commercial demand, analyst Matthew Akers of BNP Paribas said in a March 30 note to clients. Recent conflict involving Iran has yet to meaningfully alter customer behavior for major manufacturers, including Boeing ( BA ) and GE Aerospace ( GE ), he said. For Boeing ( BA ), exposure to the Middle East accounts for only a low-to-mid teens percentage of its commercial aircraft backlog, with many deliveries scheduled for the next decade. Recent production concerns, including a wiring issue affecting roughly two dozen aircraft, appear contained. The issue is expected to shift some 737 Max deliveries from the first quarter into the second without affecting full-year guidance. On the defense side, however, heightened tensions could provide a tailwind. Boeing’s ( BA ) defense unit supplies munitions such as JDAM kits, Small Diameter Bombs and bunker busters, as well as components for missile defense systems, positioning it to benefit from increased demand. GE Aerospace ( GE ) is seeing a similarly muted near-term impact. The company’s exposure to Middle Eastern fleets is less than 10%, and any slowdown in services revenue would likely take about a year to materialize. First-quarter cash flow is expected to decline year over year, while deliveries of its GE9X engines are anticipated to be more evenly distributed across the year. Fuel price uncertainty After meeting roughly 70 investors across Europe, Akers said the dominant sentiment is one of cautious stability. While rising fuel costs tied to geopolitical tensions remain a risk, airlines have yet to make significant changes to fleet plans, and reductions in flying activity appear manageable. As a result, many investors are maintaining positions in aerospace stocks, viewing the sector as supported by long-term struct...
I was actually about to prepare an article where I wanted to analyze the surprising surge in earnings that happened to one of the shippers I review - Hapag-Lloyd ( HPGLY ). The article was about 30% done, and the research with it, when the company promptly dropped - and continued dropping to this day. Today, the day of writing this article, the company is down more than 11% for the ADR HPGLY as I ...
I was actually about to prepare an article where I wanted to analyze the surprising surge in earnings that happened to one of the shippers I review - Hapag-Lloyd ( HPGLY ). The article was about 30% done, and the research with it, when the company promptly dropped - and continued dropping to this day. Today, the day of writing this article, the company is down more than 11% for the ADR HPGLY as I am writing the piece. That means that my original thesis, which I am now updating and have actually been holding for more than a year at this point, is still correct. Seeking Alpha Hapag-Lloyd RoR Of course, there might be the savvy ones of you that decided to buy when it was cheap and were clear-minded enough to sell directly at the peak - in which case there's little to do but to congratulate you. However, for the other, perhaps more "mortal" ones of us, I'd say it's time to look at the company's full-year results and determine when this company could be considered attractive given the results. It is suggestive that the company's share price dropped over 10% following earnings, which suggests what's going on in the underlying sector. As I detailed on other shipping companies, the current geopolitical situation isn't necessarily bad for shipping rates, but depending on what sort of shipping they do and where they do it, the current situation may also be bad. The current movements in Hapag-Lloyd suggest there is certainly a very significant ongoing volatility here - and one to keep a very close eye on, in my view. In this article, I mean to update my thesis on Hapag-Lloyd, provide a bit of context as to these violent movements, and detail where I see the company trading fairly at right now. After all, I don't think it's incorrect to suggest or show that the company has mostly been trading as I suspected and forecasted. Hapag-Lloyd Is Going Into 2026 With Volatility on Both Sides But before we go into 2026, let's look at the 2025 results, which are part of what seems to be d...
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) After three major indexes slipped into correction territory last week, investors are watching if the S & P 500 will join its peers this week, according to New York Stock Exchange insider Jay Woods. The Dow Jones Industrial Average , Nasdaq Compos...
(PRO Views are exclusive to PRO subscribers, giving them insight on the news of the day direct from a real investing pro. See the full discussion above.) After three major indexes slipped into correction territory last week, investors are watching if the S & P 500 will join its peers this week, according to New York Stock Exchange insider Jay Woods. The Dow Jones Industrial Average , Nasdaq Composite and Russell 2000 all ended Friday off more than 10% from their recent highs. Meanwhile, the S & P 500 ended the session just over 9% below its high. "All eyes will continue to be on what happens in Iran and the Gulf," Woods said. On the S & P 500, Woods is watching two levels if it falls into correction territory. The first is 6,200, which would represent about a 14% fall from the index's recent highs. That's the average size of corrections, he said, which happen about once a year. The next level is 6,050, which he noted is where the index began moving higher after recovering from its "Liberation Day" sell-off in 2025. Woods, chief market strategist at Freedom Capital Markets, is also watching the following: Jobs data: JOLTS on Tuesday, ADP employment numbers on Wednesday, jobless claims on Thursday and a nonfarm payrolls report on Friday, though the market will be closed for Good Friday. Nike earnings: Set to be delivered Tuesday after the bell , Woods said he will watch if the stock can hold its downside $50 support. He added that the stock has typically popped after earnings under CEO Elliott Hill, just for those gains to fade. RH earnings: Also coming Tuesday after the close , Woods recommended that investors see whether the stock can again top $140, which he believes would signal a relief rally for a name that's off more than 23% in 2026. But despite other events happening in the market, the war continues to be by far the most important, he said. "Keep nimble, and watch what happens in the Strait of Hormuz." (This weekly Monday video is exclusively for CNBC PRO sub...
The looming oil crisis caused by the Iran war gives the Conservative leader a platform from which to jump to the wrong conclusions Losing sleep over the war in Iran? Worried sick about the cost of living? Can’t pay your energy bills? Then relax. Because Kemi Badenoch has a displacement activity for you. It’s becoming increasingly easier to understand the Conservative leader by viewing her as a hyp...
The looming oil crisis caused by the Iran war gives the Conservative leader a platform from which to jump to the wrong conclusions Losing sleep over the war in Iran? Worried sick about the cost of living? Can’t pay your energy bills? Then relax. Because Kemi Badenoch has a displacement activity for you. It’s becoming increasingly easier to understand the Conservative leader by viewing her as a hyperactive five-year old at the back of the class who is constantly disruptive. Who can’t get through a lesson without some kind of attention-seeking behaviour. Who has a constant desire to be indulged even though her first reactions are invariably wrong. Who flies into a temper tantrum when anyone dares to challenge her. Continue reading...
Morgan Stanley ’s E*Trade unit is in talks with SpaceX to lead the sale of IPO shares to small investors, potentially being favored over rival brokerage platforms from Robinhood Markets Inc. and SoFi Technologies Inc. , Reuters reported, citing two people familiar with the matter. SpaceX is considering cutting Robinhood and SoFi out altogether despite the two firms pitching for roles on the initia...
Morgan Stanley ’s E*Trade unit is in talks with SpaceX to lead the sale of IPO shares to small investors, potentially being favored over rival brokerage platforms from Robinhood Markets Inc. and SoFi Technologies Inc. , Reuters reported, citing two people familiar with the matter. SpaceX is considering cutting Robinhood and SoFi out altogether despite the two firms pitching for roles on the initial public offering, Reuters said. The rocket and satellite company would instead rely on Morgan Stanley to route shares set aside for retail investors through E*Trade, Reuters said. SpaceX could allocate as much as 30% of the offering to retail investors, Bloomberg News has reported, helping to boost demand for what is widely expected to be the largest IPO of all time. Read More: SpaceX Plans April Investor Briefings as IPO Questions Swirl Fidelity is also vying for a chance to distribute some of the shares on its trading platform, Reuters said, citing one of the unnamed people. Representatives for SpaceX, Morgan Stanley, E*Trade, Fidelity, Robinhood and SoFi didn’t immediately respond to Bloomberg’s requests for comment. SpaceX is set to file confidentially as soon as this month for an initial public offering that could raise as much as $75 billion, Bloomberg News has reported. Billionaire Elon Musk ’s company is telling prospective IPO investors to expect briefings in April from company executives, people familiar with the matter have said. Morgan Stanley is among the group of Wall Street giants being positioned to lead work on the IPO. The roster also includes Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co., people with knowledge of the details have said.
Last year, just before the Fourth of July holiday, the US Space Force officially took ownership of a new operating system for the GPS navigation network, raising hopes that one of the military's most troubled space programs might finally bear fruit. The GPS Next-Generation Operational Control System, or OCX, is designed for command and control of the military's constellation of more than 30 GPS sa...
Last year, just before the Fourth of July holiday, the US Space Force officially took ownership of a new operating system for the GPS navigation network, raising hopes that one of the military's most troubled space programs might finally bear fruit. The GPS Next-Generation Operational Control System, or OCX, is designed for command and control of the military's constellation of more than 30 GPS satellites. It consists of software to handle new signals and jam-resistant capabilities of the latest generation of GPS satellites, GPS III, which started launching in 2018. The ground segment also includes two master control stations and upgrades to ground monitoring stations around the world, among other hardware elements. RTX Corporation, formerly known as Raytheon, won a Pentagon contract in 2010 to develop and deliver the control system. The program was supposed to be complete in 2016 at a cost of $3.7 billion. Today, the official cost for the ground system for the GPS III satellites stands at $7.6 billion. RTX is developing an OCX augmentation projected to cost more than $400 million to support a new series of GPS IIIF satellites set to begin launching next year, bringing the total effort to $8 billion. Read full article Comments
Morgan Stanley's ( MS ) E*Trade is in talks to take the leading role for smaller U.S. investors in SpaceX's ( SPACE ) IPO. Robinhood ( HOOD ) and SoFi Technologies ( SOFI ) have also pitched for the small retail role in the IPO, but SpaceX is considering cutting them both out, according to a Reuters report on Monday, which cited people familiar with the matter. The two companies remain in talks to...
Morgan Stanley's ( MS ) E*Trade is in talks to take the leading role for smaller U.S. investors in SpaceX's ( SPACE ) IPO. Robinhood ( HOOD ) and SoFi Technologies ( SOFI ) have also pitched for the small retail role in the IPO, but SpaceX is considering cutting them both out, according to a Reuters report on Monday, which cited people familiar with the matter. The two companies remain in talks to handle some of the sales. Mutual fund Fidelity is also trying to see if it can distribute some of the SpaceX (SPAC) shares on its trading platform, according to the report. Robinhood, Morgan Stanley, SoFi and Fidelity declined to comment to Reuters. SpaceX did not respond to a request for comment. The latest update comes after Reuters reported last Thursday that Elon Musk is talking about allocating as much a s 30% of SpaceX's IPO to individual investors. More on SpaceX, Robinhood Markets, etc. I Sold SoFi At $30, Now I'm Eyeing Re-Entry SoFi: Execution Makes It A Buy Again (Rating Upgrade) SoFi Is Down 35%... The Bears Might Have A Point Artemis II crew arrives in Florida ahead of historic lunar flyby SpaceX IPO filing not imminent, prediction markets say
hapabapa BNP Paribas launched sweeping coverage on the restaurant sector. Analyst Steve McManus and his team favor high-quality concepts with strong unit economics and idiosyncratic growth drivers over those more reliant on the macro recovery or turnarounds. Wingstop ( WING ), Shake Shack ( SHAK ), and Dutch Bros ( BROS ) were named the top picks in the sector. McManus views Wingstop ( WING ) as a...
hapabapa BNP Paribas launched sweeping coverage on the restaurant sector. Analyst Steve McManus and his team favor high-quality concepts with strong unit economics and idiosyncratic growth drivers over those more reliant on the macro recovery or turnarounds. Wingstop ( WING ), Shake Shack ( SHAK ), and Dutch Bros ( BROS ) were named the top picks in the sector. McManus views Wingstop ( WING ) as a long-duration, asset-light compounder with best-in-class franchise economics and a multi-year unit runway. The near-term comparable sales pressure for Wingstop ( WING ) is believed to be well understood and already priced into shares, which was noted to create an attractive entry point ahead of a re-acceleration in the second half of the year and 2027. The firm started off coverage on Wingstop with an Outperform rating and a price target of $275, based on a 30X EV/EBITDA multiple. Shake Shack ( SHAK ) also landed an Outperform rating from BNP Paribas. "From its origins as a hot dog cart in Madison Square Park, Shake Shack has become a global premium fast-casual brand known for its burgers and shakes. And after several years of uneven comp trends and cost volatility, Shake Shack looks to be entering a more durable phase of earnings growth. We see improving risk/reward as execution stabilizes and margins inflect," highlighted McManus. BNP Paribas is also bullish on Dutch Bros ( BROS ). The coffee chain's unique drive-thru beverage platform, offering everything from “protein coffee” to energy drinks, shakes & smoothies, and seasonal drinks, was said to be anchored by a loyal, high-frequency customer base that skews Gen Z. "Within the fast-growing specialty beverage category, BROS is emerging as a durable share gainer, supported by strong unit economics and a long runway for unit expansion," highlighted McManis. The firm initiated coverage on Dutch Bros ( BROS ) with an Outperform rating and price target of $73. More on restaurant stocks Dutch Bros: A Great Growth Play For Lon...
Erik Isakson/DigitalVision via Getty Images Needham started coverage of AI infrastructure solutions provider TSS ( TSSI ) with a Buy rating and a $16 price target. Shares of TSS were largely flat on Monday. "TSS solves a key bottleneck in data center construction by delivering AI-enabled server racks to support rapidly evolving capacity expansion requirements, and we view it as a unique way to pla...
Erik Isakson/DigitalVision via Getty Images Needham started coverage of AI infrastructure solutions provider TSS ( TSSI ) with a Buy rating and a $16 price target. Shares of TSS were largely flat on Monday. "TSS solves a key bottleneck in data center construction by delivering AI-enabled server racks to support rapidly evolving capacity expansion requirements, and we view it as a unique way to play rising enterprise AI inference adoption," said analyst Matthew Calitri. The analyst noted that order volume from Dell Technologies ( DELL ) has ticked up in response to demand for AI-optimized infrastructure and is forecast to continue tracking with Dell's growing pipeline. "This robust rack integration demand will prove durable in our view, driving Revenue growth via TSS's Systems Integration business. The company is already seeing returns on investments made to meet increasing delivery requirements from Dell, and shipments above an established minimum contracted quantity carry a 4x Revenue boost," said Calitri. The analyst added that as a critical partner of Dell, TSS is forecasting that rack integration volumes will double in 2026, and they believe this is a durable demand trend based on pipeline build, organizations' appetites for AI, and how quickly the market is evolving. The recent ramp-up of TSS's Georgetown, Texas, rack integration facility makes the company well-positioned to capitalize on increased order capacity, and there is a four-times multiplier effect on revenue when TSS clears the minimum weekly shipment requirement defined in its agreement with Dell, the analyst noted. More on TSS TSS, Inc.: Scaling Fast, But Not Yet Converting TSS: The 41% Sell-Off Isn't Quite The Bargain It Appears To Be TSS, Inc. (TSSI) Q4 2025 Earnings Call Transcript TSS forecasts $20M–$22M adjusted EBITDA for 2026 as AI demand accelerates and contract extension boosts visibility Seeking Alpha’s Quant Rating on TSS
Sophie Park/Getty Images News Treasury bonds extended their surge Monday after Federal Reserve Chair Jerome Powell characterized U.S. President Donald Trump’s sweeping tariffs as a one-time price increase, signaling the central bank has limited control over supply-driven shocks like recent oil price spikes. Yields on two- to 10-year notes ( US2Y ) ( US10Y ) dropped by at least 10 basis points in a...
Sophie Park/Getty Images News Treasury bonds extended their surge Monday after Federal Reserve Chair Jerome Powell characterized U.S. President Donald Trump’s sweeping tariffs as a one-time price increase, signaling the central bank has limited control over supply-driven shocks like recent oil price spikes. Yields on two- to 10-year notes ( US2Y ) ( US10Y ) dropped by at least 10 basis points in afternoon trading as Powell addressed students at Harvard University. The rally in the $31T government debt market accelerated during his remarks, building on earlier gains driven by concerns that escalating Middle East tensions could slow global economic growth. Following Powell’s comments, traders largely abandoned bets on an interest-rate hike this year, instead pricing in the possibility of a cut by the end of 2026. The bond market had faced weeks of selling pressure driven by surging oil costs and fears that central banks would need to aggressively raise rates to combat inflation. “Following Powell’s remarks, we are finally back to pricing one or more cuts as fractionally more likely than a hike this year,” said Krishna Guha, head of central bank strategy at Evercore ISI, Bloomberg reported. “The repricing has more to run, even though we are not relaxed about the prospects for a US-Iran deal.” Seeking Alpha More on United States 3-Month Bill Yield, United States 12-Month Bill Yield, etc. Is This A Major Market Top? Energy Shock, Rising Rates, And Weakening Internals The Iran War Effects: Disturbing Signal From The Bond Market Weekly Market Pulse: War - What Is It Good For? Apollo warns that the US10Y is mispriced by more than 50 bps as term premium surges Oil shock breaks the 60/40 playbook as bonds fail to provide cover