Image source: The Motley Fool. Wednesday, October 29, 2025 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Jason Fox Chief Financial Officer — ToniAnn Sanzone Head of Asset Management — Brooks Gordon Chairman — Peter Sands TAKEAWAYS AFFO Per Share -- $1.25, reflecting a 5.9% increase year over year for the quarter. -- $1.25, reflecting a 5.9% increase year over year for the quarter. Full...
Image source: The Motley Fool. Wednesday, October 29, 2025 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Jason Fox Chief Financial Officer — ToniAnn Sanzone Head of Asset Management — Brooks Gordon Chairman — Peter Sands TAKEAWAYS AFFO Per Share -- $1.25, reflecting a 5.9% increase year over year for the quarter. -- $1.25, reflecting a 5.9% increase year over year for the quarter. Full-Year AFFO Guidance -- Raised to a range of $4.93 to $4.99 per share, implying 5.5% growth at the midpoint. -- Raised to a range of $4.93 to $4.99 per share, implying 5.5% growth at the midpoint. Year-to-Date Investment Volume -- $1.65 billion closed at a 7.6% weighted average initial cap rate, with guidance increased to $1.8 billion to $2.1 billion for the full year. -- $1.65 billion closed at a 7.6% weighted average initial cap rate, with guidance increased to $1.8 billion to $2.1 billion for the full year. Disposition Volume Guidance -- Revised to $1.3 billion to $1.5 billion, incorporating additional self-storage asset sales. -- Revised to $1.3 billion to $1.5 billion, incorporating additional self-storage asset sales. Investment Spreads -- "We expect to generate overall spreads of approximately 150 basis points between our investments and dispositions for the year." -- "We expect to generate overall spreads of approximately 150 basis points between our investments and dispositions for the year." Same-Store Rent Growth -- 2.4% year-over-year contractual for the quarter; full-year expectation of approximately 2.5%. -- 2.4% year-over-year contractual for the quarter; full-year expectation of approximately 2.5%. Lease Structures -- Year-to-date average fixed rent escalations of 2.7%; pipeline expects similar terms. -- Year-to-date average fixed rent escalations of 2.7%; pipeline expects similar terms. Weighted Average Lease Term -- 18 years on new investments completed year-to-date. -- 18 years on new investments completed year-to-date. Occupancy -- Portfolio occupancy dec...
In trading on Wednesday, shares of Centrus Energy Corp (Symbol: LEU) crossed below their 200 day moving average of $234.80, changing hands as low as $211.77 per share. Centrus Energy Corp shares are currently trading off about 19.8% on the day. The chart below shows the one year performance of LEU shares, versus its 200 day moving average: Looking at the chart above, LEU's low point in its 52 week...
In trading on Wednesday, shares of Centrus Energy Corp (Symbol: LEU) crossed below their 200 day moving average of $234.80, changing hands as low as $211.77 per share. Centrus Energy Corp shares are currently trading off about 19.8% on the day. The chart below shows the one year performance of LEU shares, versus its 200 day moving average: Looking at the chart above, LEU's low point in its 52 week range is $49.4001 per share, with $464.25 as the 52 week high point — that compares with a last trade of $212.43. Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $99.84, changing hands as high as $100.43 per share. Diageo plc shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $84.52 per...
In trading on Wednesday, shares of Diageo plc (Symbol: DEO) crossed above their 200 day moving average of $99.84, changing hands as high as $100.43 per share. Diageo plc shares are currently trading up about 1.3% on the day. The chart below shows the one year performance of DEO shares, versus its 200 day moving average: Looking at the chart above, DEO's low point in its 52 week range is $84.52 per share, with $116.69 as the 52 week high point — that compares with a last trade of $100.57. Click here to find out which 9 other stocks recently crossed above their 200 day moving average » Also see: The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Earnings Call Insights: The Kraft Heinz Company (KHC) Q4 2025 Management View CEO Steven Cahillane highlighted a renewed strategic focus, stating that "we're really getting back to where we ought to be, not necessarily looking at the challenging environment and saying we need to do something different. We're getting back to where we ought to be in terms of sufficiency against our brands, capabilit...
Earnings Call Insights: The Kraft Heinz Company (KHC) Q4 2025 Management View CEO Steven Cahillane highlighted a renewed strategic focus, stating that "we're really getting back to where we ought to be, not necessarily looking at the challenging environment and saying we need to do something different. We're getting back to where we ought to be in terms of sufficiency against our brands, capability, building in the commercial area to really put ourselves in a position of competitiveness." He confirmed a $600 million incremental investment in brands, primarily aimed at restoring organic growth and improving market share, with a particular emphasis on the North American Grocery business and iconic brands such as Heinz and Philadelphia Cream Cheese. Cahillane announced the decision to pause the previously planned company separation, explaining, "we want to put 100% of our focus, 100% of our time, our people, our investment against returning the company to growth and not be distracted by the massive amount of work that's required in the separation." The CEO indicated that the bulk of incremental investment will ramp up in Q2 with "meaningful results in the back half of the year, meaning...a change in trend and bending the trend in market share." CFO Andre Maciel stated, "in the last 13 weeks, we flipped to market share growth and 70% of the revenue in Taste Elevation is now gaining market share, which is very solid in the U.S. And as we look at even at early reads into January, we see the momentum continuing." Maciel added, "emerging markets continue to deliver strong results. If we look in 2025, aside from Indonesia, we grew close to double digits including with volume growth." Outlook Management expects the $600 million investment to be split between price, product, packaging, and capability building, with about half directed to brands and consumer-facing improvements. The company anticipates "a change in trend in the back half of this year" and aims to exit 2026 with...
Two of the stocks seem like good buys -- the other has fallen by nearly half. It's smart to be a dividend investor because dividends are terrific contributors to not only the portfolios of retirees but also those of younger folks. After all, that fairly regular and dependable income can also be used to buy more shares of stock. It's important, though, not to just seek the highest dividends you can...
Two of the stocks seem like good buys -- the other has fallen by nearly half. It's smart to be a dividend investor because dividends are terrific contributors to not only the portfolios of retirees but also those of younger folks. After all, that fairly regular and dependable income can also be used to buy more shares of stock. It's important, though, not to just seek the highest dividends you can find. So, don't just snap up shares of the highest-paying dividend stocks in the Dow Jones Industrial Average (The Dow). Dividend basics First, let's review some dividend basics. To compare apples to apples, we typically assess a stock's dividend yield, which is its annual dividend amount divided by its current stock price. So, if Scruffy's Chicken Shack (ticker: BUKBUK) pays $1 per quarter and is trading at $80 per share, the dividend yield is $4 divided by $80, which is 0.05, or 5%. It's important that the dividend yield can be expressed as a fraction, with the dividend on top and the share price below. That shows that when the share price shrinks, the yield's value goes up and vice versa. For example, if Scruffy's stock falls and is trading at $60, divide $4 by $60, and you'll get 0.067, or 6.7%. The stock is down, but the yield -- the percentage of the stock price that you'll receive annually in the form of a dividend -- goes up. That's why we need to tread cautiously when we're dividend-stock hunting and encounter outsize yields. Should you buy the highest-yielding stocks in the Dow? Back to our original question. The answer is...it depends. Do take an extra-long look at any such stocks to make sure the yields are not high due to serious challenges the companies are facing. Here are the three Dow components with the highest recent dividend yields. 1. Verizon Communications: recent dividend yield of 6.01% Verizon Communications (VZ +3.14%) is a stock I would be willing to buy at recent prices -- and actually own. It has the most customers among its peers and has recent...
The Good Brigade Airbnb ( ABNB ) is expected to see a nearly 10% drop in its fourth quarter earnings, scheduled for February 12, after markets close. The consensus EPS Estimate is $0.66, while analysts see revenue of $2.71B, representing a 9.3% year-on-year jump. Over the last 3 months, EPS estimates have seen 3 upward revisions and no downward moves. Revenue estimates have seen 14 upward revision...
The Good Brigade Airbnb ( ABNB ) is expected to see a nearly 10% drop in its fourth quarter earnings, scheduled for February 12, after markets close. The consensus EPS Estimate is $0.66, while analysts see revenue of $2.71B, representing a 9.3% year-on-year jump. Over the last 3 months, EPS estimates have seen 3 upward revisions and no downward moves. Revenue estimates have seen 14 upward revisions and 3 downward moves. Last quarter, the vacation rental company guided for Q4 revenue in the range of $2.66 billion to $2.72 billion. It anticipates a full-year adjusted EBITDA margin of about 35% while GMV is expected to grow in low double digits year-over-year, CFO Ellie Mertz had said. Airbnb introduced its Reserve Now, Pay Later option in the United States in the third quarter, helping drive bookings during Q3. It expects the feature to support momentum into Q4, with a broader rollout planned this year. Seeking Alpha analyst IWA Research said that Q4 is likely to see more volatility as the firm should release guidance for 2026. “I’ll look out for their investment plans going into this year and growth expectations. I’ll also pay attention to what they decide to do with their notes, as they have plenty of cash or investments to pay them, which would likely be more efficient than issuing debt,” the analyst added. The stock has lost over 11% in the year so far compared to a 1.41% rise in the broader markets. More on Airbnb Airbnb: Hotel Expansion Is Promising, But The Valuation Leaves Little Room For Error Airbnb Suffers From Premium Valuations And Maturing Growth - Mixed Return Prospects Airbnb: Very Few Reasons To Expect A 2026 Re-Rating Ultra-luxury hotels push prices to records as wealthy travelers keep spending Earnings week ahead: F, KO, CSCO, SHOP, MCD, BP, AMAT, COIN, MRNA, ROKU, and more
BorgWarner ( BWA ) was launched higher at Wednesday’s open after announcing a series of contracts with North American and European OEMs, including its first 48V electric cross differential program award and a supply agreement for a turbine generator system for the data center market. The results complemented better-than-expected fourth quarter results and helped offset soft full year guidance, lif...
BorgWarner ( BWA ) was launched higher at Wednesday’s open after announcing a series of contracts with North American and European OEMs, including its first 48V electric cross differential program award and a supply agreement for a turbine generator system for the data center market. The results complemented better-than-expected fourth quarter results and helped offset soft full year guidance, lifting BorgWarner ( BWA ) shares to their highest level on record. Before the open, the global automotive supplier announced a record number of light vehicle awards across its Foundational and eProduct portfolios that are expected to accelerate profitable growth in 2027 and help offset the anticipated downturn in EV sales. These include an agreement to supply its variable turbine geometry turbocharger to a major European OEM for its hybrid electric vehicle, an agreement for 800V integrated drive modules and generator module to support range-extended electric vehicle production, and a Master Supply Agreement with TurboCell for a modular turbine generator system to power data centers. These announcements helped overshadow underwhelming full year guidance in which the company said it expects to earn a profit between $4.74 and $4.91 per share, below the consensus estimate of $5.14 per share. Additionally, BorgWarner ( BWA ) sees revenue coming in between $14B and $14.3B, less than $14.55B estimates and roughly unchanged from a year ago. For the reported quarter, the company earned an adjusted profit of $4.91 per share, up 14% from a year earlier, largely attributed to share repurchases that lowered the number of outstanding shares (and raised EPS) and higher adjusted operating income. Sales increased 3.9% to $3.57B, $40M better than expected, and reflected light vehicle eProduct sales growth that helped offset lower volumes in the company’s Battery & Charging Systems segment. BorgWarner ( BWA ) shares were up as much as 27% on Wednesday. More on BorgWarner BorgWarner Offers Some ...
UK carbon futures tumbled, driving the gap with the European Union benchmark to its widest in months as political uncertainty and currency weakness weighed on the market. UK carbon futures are down about 20% over the past two days, touching their lowest level since April, according to ICE data. By contrast, the EU benchmark has declined 1.4%. The spread between the two will widen further until pro...
UK carbon futures tumbled, driving the gap with the European Union benchmark to its widest in months as political uncertainty and currency weakness weighed on the market. UK carbon futures are down about 20% over the past two days, touching their lowest level since April, according to ICE data. By contrast, the EU benchmark has declined 1.4%. The spread between the two will widen further until progress is made later this year toward linking the two markets, according to BNP Paribas SA. The divergence comes amid expectations of looser monetary policy, amplifying moves in UK carbon prices when measured against the euro . While reports that the EU plans to relax emissions-reduction rules contributed to a plunge in European prices last Thursday, the UK carbon market is being driven by broader macro signals, according to the bank. Read More: UK Political Drama to Keep Traders Wary About Long-Dated Gilts “We’re expecting that the Bank of England will cut in March, 25 basis points, so that’s not fully priced into the market yet, and we think that has further to go,” said Jason Ying , a commodity strategist at BNP Paribas SA. The EU and UK are working toward linking their respective emissions trading systems. Negotiations to establish a common market, which would allow mutual recognition of allowances and more harmonized rules, are now under way, but a final agreement has yet to be concluded. Investment funds trimmed long positions in UK carbon on Wednesday, ICE data show, as the gap with the EU benchmark widened. Further sterling weakness could keep pressure on UK allowances, especially as traders unwind bets on a convergence between the two markets. UK carbon futures for delivery fell 6.02% % on Wednesday to £ 48.73 per ton. The equivalent contract in the EU fell 1% % to € 77.92 .
Image source: The Motley Fool. Wednesday, October 30, 2024 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Jason Fox Chief Financial Officer — Toni Sanzone Head of Asset Management — Brooks Gordon Chairman — Peter Sands TAKEAWAYS New Investment Volume -- $167 million in the third quarter, followed by $231 million closed post-quarter end, bringing year-to-date volume to approximately $1 b...
Image source: The Motley Fool. Wednesday, October 30, 2024 at 11 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Jason Fox Chief Financial Officer — Toni Sanzone Head of Asset Management — Brooks Gordon Chairman — Peter Sands TAKEAWAYS New Investment Volume -- $167 million in the third quarter, followed by $231 million closed post-quarter end, bringing year-to-date volume to approximately $1 billion. -- $167 million in the third quarter, followed by $231 million closed post-quarter end, bringing year-to-date volume to approximately $1 billion. Investment Volume Guidance -- Management reaffirmed full-year guidance of $1.25 billion to $1.75 billion, citing confidence in reaching the $1.5 billion midpoint. -- Management reaffirmed full-year guidance of $1.25 billion to $1.75 billion, citing confidence in reaching the $1.5 billion midpoint. Going-in Cap Rate and Yield -- Year-to-date closed investments carried a weighted average going-in cap rate of 7.6% and an average yield above 9% including rent escalations. -- Year-to-date closed investments carried a weighted average going-in cap rate of 7.6% and an average yield above 9% including rent escalations. Current Pipeline -- Over $500 million in identified deals, with the majority focused in North America and average cap rates and yields consistent with year-to-date figures. -- Over $500 million in identified deals, with the majority focused in North America and average cap rates and yields consistent with year-to-date figures. Liquidity Position -- Ended the quarter with total liquidity of $2.6 billion, including just over $800 million in cash and a minimally drawn $2 billion revolver. -- Ended the quarter with total liquidity of $2.6 billion, including just over $800 million in cash and a minimally drawn $2 billion revolver. Equity Funding Outlook -- Management explicitly stated no need to raise equity to fund investments through 2025, barring unplanned developments. -- Management explicitly stated no need to raise...
jetcityimage/iStock Editorial via Getty Images In today’s market, investors are looking for any and all reasons to spark a selloff. Companies are generally reporting quite favorable earnings so far in the Q4 earnings season, showcasing little signals of macroeconomic decline or AI disruption. And yet investors are demanding perfection to keep valuation multiples afloat. In this environment, the se...
jetcityimage/iStock Editorial via Getty Images In today’s market, investors are looking for any and all reasons to spark a selloff. Companies are generally reporting quite favorable earnings so far in the Q4 earnings season, showcasing little signals of macroeconomic decline or AI disruption. And yet investors are demanding perfection to keep valuation multiples afloat. In this environment, the selling pressure has pushed many stocks into oversold territory. Lyft ( LYFT ), in particular, presents a very compelling buying opportunity after a sharp 15%+ post-earnings decline that has virtually wiped out all the stock’s gains over the past year. Data by YCharts I last wrote a “Buy” article on Lyft in December, when the stock was trading above $20 per share. Since then, Lyft has seen a substantial wipeout. That’s in the wake of strong booming growth (though ridership counts slightly missed estimates in Q4, driving overstated downside sentiment) and profit margin expansion that I don’t think should be overlooked. Amid clear evidence that Lyft is holding its own against much larger rival Uber ( UBER ), I’m reiterating my “Buy” rating on this stock, though acknowledging that this is a position that has often tested patience. The first and immediate topic to discuss in Lyft’s valuation, since this is becoming the prime reason to bet on the stock. At current post-earnings share prices near $14, Lyft trades at a market cap of $5.75 billion. After we net off the $1.84 billion of cash and $1.00 billion of debt on Lyft’s most recent balance sheet, the company’s resulting enterprise value is $4.91 billion. Lyft is now only guiding one quarter at a time. However, the company has established a longer-term plan of hitting $1 billion in adjusted EBITDA and free cash flow by FY27. This compares to $528 million of adjusted EBITDA in FY25. Assuming a consistent 38% CAGR across both of these years to hit the $1 billion plan, Lyft’s FY26 adjusted EBITDA would be $728 million, positioning ...
JHVEPhoto/iStock Editorial via Getty Images Incyte ( INCY ) delivered Q4 earnings results yesterday that were mixed, with non-GAAP EPS coming in short of expectations even as revenue exceeded them. However, the number that moved the market was 2026 guidance. Management guided to a mid-point of $4.85 billion in 2026 sales, a figure that was immediately interpreted by investors as a substantial miss...
JHVEPhoto/iStock Editorial via Getty Images Incyte ( INCY ) delivered Q4 earnings results yesterday that were mixed, with non-GAAP EPS coming in short of expectations even as revenue exceeded them. However, the number that moved the market was 2026 guidance. Management guided to a mid-point of $4.85 billion in 2026 sales, a figure that was immediately interpreted by investors as a substantial miss against the consensus expectation of $5.53 billion. Algorithms and human traders immediately jumped on this headline weakness to sell the stock as it traded 8.2% down by the market close. They saw a $680M air pocket in the guidance and hit the sell button. However, there is a critical distinction that the market may have missed. Incyte's guidance is Net Product Sales guidance, not Total Revenue guidance. The $4.85B midpoint neglects royalties, which totaled $637M in 2025. When you add those back, the 'real' guidance midpoint is approximately $5.49 billion. While still a technical miss, this seems inconsistent with the disaster implied by yesterday's stock price movement. To be clear, the Q4 results were not perfect. Critically, guidance for Opzelura sales came in at $750-$790M, lower than the $802M consensus expectation, but still a healthy 14% YoY growth rate at the midpoint. For an 'apples-to-apples' comparison, investors need to consider 2025 Net Product Sales , not total revenues. These were $4.35 billion in FY 2025. Thus, our disastrous headline 'miss' is in reality 11.5% YoY growth. In light of the market aggressively selling the stock based on a misunderstanding, I reiterate my previous rating of Strong Buy for shares of Incyte. Incyte: Q4 2025 Earnings Review While the market fixated on the 2026 outlook, the actual performance in 2025 was robust. Q4 sales increased to $1.51 billion (+28% YoY), and 2025 sales increased to $5.14 billion (+21% YoY). Non-GAAP EPS of $1.80/share did miss by $0.12, driven by higher costs in the ongoing commercialization of Niktimvo and Z...
It may not be the first TV programme to describe itself as being “more than just a dating show”, but Hold My Hand is undoubtedly the first to focus exclusively on British Sign Language. “We’ve been waiting to get a show of our own for such a long time,” says Heroda Berhane, one half of the deaf identical twin presenting duo, Hermon and Heroda. “People have never seen our culture, our identity, the...
It may not be the first TV programme to describe itself as being “more than just a dating show”, but Hold My Hand is undoubtedly the first to focus exclusively on British Sign Language. “We’ve been waiting to get a show of our own for such a long time,” says Heroda Berhane, one half of the deaf identical twin presenting duo, Hermon and Heroda. “People have never seen our culture, our identity, the way we discuss the things. So it’s a dating show, yes, but it’s not just about dating; it’s also revealing our identity and our culture, and that has never been seen before.” The twins – who have more than 125,000 followers on their shared Instagram lifestyle account Being Her – are hoping to bust what Hermon calls “a lot of myths around deaf people being unable to do things because they think that we can’t communicate the same”. Their collaboration with the dating app Tinder in 2023 led with the headline statistic that 71% of 18- to 24-year-olds would not feel confident dating someone who uses BSL as their primary form of communication. According to the British Deaf Association, the UK has 150,000 BSL signers, of which 87,000 are deaf themselves. “It’s just another language,” Heroda explains. “It’s another world that you have to be curious about and lean into, learn, be open and don’t be afraid.” “Especially for hearing people,” says Hermon. “They speak a lot, and they sort of hide behind their language and their words. But for deaf people, we sort of peel off those layers to express ourselves in a different way and really show our emotions, rather than hiding behind words, so we become a bit more vulnerable.” Us deaf people, we’re very open, very blunt, very straight to the point, very honest All contestants on LumoTV’s Hold My Hand are either deaf, or children of deaf adults (Codas) who would have used British Sign Language (BSL) to communicate with their parents. The size of the deaf signing community also meant Hermon and Heroda were more likely to know the contestant...
Here come the chip stocks. The iShares Semiconductor ETF surged 1.9%. The chip stock index rallied at the open, but pulled back sharply. Now it's making another push higher. Sandisk, Micron Technology, On Semiconductor, and Western Digital were all among the S&P 500's top stocks.
Here come the chip stocks. The iShares Semiconductor ETF surged 1.9%. The chip stock index rallied at the open, but pulled back sharply. Now it's making another push higher. Sandisk, Micron Technology, On Semiconductor, and Western Digital were all among the S&P 500's top stocks.
Carnival Cruises (CCL) has completed one of the most successful corporate turnarounds in the post-pandemic travel industry, and the market is now beginning to reflect that transformation. After spending the last three years focused on paying down debt, CCL has entered a new phase, centered on expanding profit margins and shareholder returns. The reinstatement of the dividend and accelerating free ...
Carnival Cruises (CCL) has completed one of the most successful corporate turnarounds in the post-pandemic travel industry, and the market is now beginning to reflect that transformation. After spending the last three years focused on paying down debt, CCL has entered a new phase, centered on expanding profit margins and shareholder returns. The reinstatement of the dividend and accelerating free cash flow have shifted the perception from recovery to compounding growth. As cruise supply remains tight and pricing power improves, Carnival's earnings power is growing stronger. Trade timing & outlook Bullish breakout: The stock has broken out above a multi-month resistance level at $32.50 that capped rallies throughout 2025. Relative strength: CCL continues to outperform the S & P 500, signaling potential ,institutional accumulation. If the breakout holds, the next technical target projects toward the $40 zone, based on prior consolidation ranges. Fundamentals Carnival trades at a substantial discount to its peers, despite growth and profitability metrics that align with industry rivals: Forward P/E: ~13x vs. industry ~17x Expected EPS growth: ~12.6% vs. industry ~12.1% Expected revenue growth: ~4.2% vs. industry ~5.9% Net margins: ~10.4% vs. industry ~9.9% With debt reduction largely complete and capital expenditures moderating in 2026, incremental cash flow is increasingly flowing to equity holders. Bullish thesis Cash flow pivot: With no major ship deliveries in 2026, operating cash flow is being redirected toward dividends and further debt reduction. Pricing power: Limited industry capacity growth supports sustained yield expansion. Balance sheet: Declining leverage and refinancing savings of $700 million per year — versus fiscal year 2023 — are directly lifting earnings per share. Options trade To express a bullish view with defined risk and income, I'm looking at Selling the Mar 27, 2026 $33 / $30 Put Vertical @ $1.20 Credit. This entails: Selling the Mar 27, 2026...
GIC Pte is considering a sale of its 80% stake in a European data center joint venture, a potential deal that could value the business at about €2 billion ($2.4 billion) including debt, people with knowledge of the matter said. The Singaporean wealth fund is working with advisers to gauge buyer interest in the stake, which could fetch around €800 million to €1 billion, the people said. The joint v...
GIC Pte is considering a sale of its 80% stake in a European data center joint venture, a potential deal that could value the business at about €2 billion ($2.4 billion) including debt, people with knowledge of the matter said. The Singaporean wealth fund is working with advisers to gauge buyer interest in the stake, which could fetch around €800 million to €1 billion, the people said. The joint venture operates data centers under the xScale brand. GIC is targeting infrastructure-focused investors and is planning to distribute marketing materials to potential suitors in the coming days, according to the people, who asked not to be identified as the information is private. Its JV partner Equinix Inc. , which owns the remaining 20% stake, plans to stay invested, they said. Deliberations are at an early stage and GIC could decide to keep the asset for longer, the people said. Representatives for GIC and Equinix declined to comment. Equinix and GIC announced in 2019 that they had set up the xScale venture to develop and operate hyperscale data centers in Europe for users such as AWS , Microsoft Azure and Google Cloud.
design master HomesToLife Ltd. ( HTLM ) spiked on Wednesday on high volume, despite the company not releasing any new press releases or SEC filings. Volume on the stock was more than 10X normal activity during the morning trading session as momentum picked up. Last month, HomesToLife ( HTLM ) announced that it is investing $1M for a 10% fully diluted equity stake in Zeica Labs, a Singapore-based s...
design master HomesToLife Ltd. ( HTLM ) spiked on Wednesday on high volume, despite the company not releasing any new press releases or SEC filings. Volume on the stock was more than 10X normal activity during the morning trading session as momentum picked up. Last month, HomesToLife ( HTLM ) announced that it is investing $1M for a 10% fully diluted equity stake in Zeica Labs, a Singapore-based spatial-audio technology start-up behind the patented Super X-Fi immersive audio platform. The investment was made via wholly owned subsidiary HTL Marketing and said to position Zeica as HomesToLife's ( HTLM ) core innovation and technology partner. Under the collaboration, Zeica will help integrate patented spatial-audio capabilities into selected upcoming furniture collections, with Singapore as the initial testbed before rolling out to other key markets. HomesToLife frames the deal as a strategic step to build next-generation smart home products and reinforce its positioning as a technology-forward furniture company, rather than as a purely financial investment. HomesToLife Ltd. ( HTLM ) is a global furniture company with two core divisions, consisting of a consumer retail division that has direct operations in Singapore and Korea and a wholesale & trade division. Shares of HomesToLife Ltd. ( HTLM ) were up 48.6% at 10:50 a.m. after being up over 75% earlier in the session. More on HomesToLife Transformational Acquisitions Not Enough To Make HomesToLife Attractive Seeking Alpha’s Quant Rating on HomesToLife Financial information for HomesToLife
Welcome back to Bloomberg’s Real Estate Monitor , a weekly breakdown of emerging trends, strategic challenges and blockbuster deals shaping the industry. Sign up now if you’re not already on the list. This week, we’ll take you to a former hot spot for fix-and-flip investors that’s now gone cold. You’ll also find out about efforts in the Atlanta area to limit the reach of big corporate landlords , ...
Welcome back to Bloomberg’s Real Estate Monitor , a weekly breakdown of emerging trends, strategic challenges and blockbuster deals shaping the industry. Sign up now if you’re not already on the list. This week, we’ll take you to a former hot spot for fix-and-flip investors that’s now gone cold. You’ll also find out about efforts in the Atlanta area to limit the reach of big corporate landlords , and where California billionaires fleeing a proposed wealth tax are buying fancy houses. Read on for more. — Christine Maurus Market Snapshot Lennar Corp $119.07 -0.3% DR Horton Inc $161.45 -0.5% Blackstone Inc $131.00 -2.1% KKR & Co Inc $105.27 -1.8% Market data as of 10:59 AM ET. Data is subject to provider delays. The big story If a large part of the American Dream is buying a home , then a subset of that — at least for people with a gambling spirit — is buying a cheap house to fix up and flip at a profit. Scads of rookie investors piled into the market when mortgage rates tumbled in the Covid era, and private lenders, seeking their own outsized profits, welcomed them with open arms and easy-money loans. Now a lot of those loans — financing as much as 90% of a project — are backfiring in former hot spots like Cape Coral, Florida . Fortunes there turned after interest rates spiked and damaging storms drove up insurance costs. In one neighborhood, every block or two has an abandoned fix-and-flip project, Bloomberg’s Prashant Gopal and Patrick Clark reported. Typically, mortgages in the US go bad at a rate of less than 2%, industry data show. But in Cape Coral, 7.4% of the 2,000 properties private lenders financed in 2023 are in the foreclosure process, Gopal and Clark wrote. The reporters tracked down Dave Diaz, a builder who, as it happens, grew up in Cape Coral and is taking over some of the unfinished projects there. Lenders are also reaching out to him, asking if he can wrap up construction on their abandoned sites. “We’ll finish them, rent them and resell them,” Diaz ...
Can someone explain to me why Megyn Kelly is so angry? In an interview with Piers Morgan, the political commentator began ranting so hard about Bad Bunny’s Super Bowl half-time show that I was starting to worry about her health. “I’m sorry Piers. To get up there and perform the whole show in Spanish is a middle finger to the rest of America!” she roared. “We don’t need a Spanish-speaking, non-Engl...
Can someone explain to me why Megyn Kelly is so angry? In an interview with Piers Morgan, the political commentator began ranting so hard about Bad Bunny’s Super Bowl half-time show that I was starting to worry about her health. “I’m sorry Piers. To get up there and perform the whole show in Spanish is a middle finger to the rest of America!” she roared. “We don’t need a Spanish-speaking, non-English performing performer, and we don’t need an ICE- or America-hater featured as our primetime entertainment.” When Morgan challenged her about English being the official language of the United States, she quickly shot back. “This attitude that you have here is why you in Great Britain have lost your culture. You have ceded your culture to a bunch of radical Muslims who came in and took over and now it’s gone,” she said. “We’re not allowing that here. It’s not happening in the United States of America. That’s why President Trump was elected.” Naively, I had thought this interview was about the Super Bowl. Lucky for me, Kelly did return to the game. “Football, that kind of football, is ours. They call it American football.” (I was glad for the clarification.) “And the half-time show, and everything around it, needs to stay quintessentially American. Not Spanish, not Muslim, not anything other than good old-fashioned American apple pie. There should be a meatloaf, maybe some fried chicken, and an English-speaking performer. That’s what the Super Bowl should be.” Definitely no nachos found on football night at the Kelly house, I quickly surmised. (Seriously, who eats meatloaf on game night?) Kelly wasn’t the only commentator whose reaction to Bad Bunny’s half-time show seemed outsized, if not just a little too extreme. The Federalist called the show “a humiliation”, even linking it to the Great Replacement Theory: “The audience was not invited into a shared civic experience. Instead, they were required to bear witness to the replacement of their own culture.” Trump confidante ...
The world is closer than thought to a “point of no return” after which runaway global heating cannot be stopped, scientists have said. Continued global heating could trigger climate tipping points, leading to a cascade of further tipping points and feedback loops, they said. This would lock the world into a new and hellish “hothouse Earth” climate far worse than the 2-3C temperature rise the world...
The world is closer than thought to a “point of no return” after which runaway global heating cannot be stopped, scientists have said. Continued global heating could trigger climate tipping points, leading to a cascade of further tipping points and feedback loops, they said. This would lock the world into a new and hellish “hothouse Earth” climate far worse than the 2-3C temperature rise the world is on track to reach. The climate would also be very different to the benign conditions of the past 11,000 years, during which the whole of human civilisation developed. At just 1.3C of global heating in recent years, extreme weather is already taking lives and destroying livelihoods across the globe. At 3-4C, “the economy and society will cease to function as we know it”, scientists said last week, but a hothouse Earth would be even more fiery. The public and politicians were largely unaware of the risk of passing the point of no return, the researchers said. The group said they were issuing their warning because while rapid and immediate cuts to fossil fuel burning were challenging, reversing course was likely to be impossible once on the path to a hothouse Earth, even if emissions were eventually slashed. It was difficult to predict when climate tipping points would be triggered, making precaution vital, said Dr Christopher Wolf, a scientist at Terrestrial Ecosystems Research Associates in the US. Wolf is a member of a study team that includes Prof Johan Rockström at the Potsdam Institute for Climate Impact Research in Germany and Prof Hans Joachim Schellnhuber at the International Institute for Applied Systems Analysis in Austria. “Crossing even some of the thresholds could commit the planet to a hothouse trajectory,” said Wolf. “Policymakers and the public remain largely unaware of the risks posed by what would effectively be a point-of-no-return transition. “It’s likely that global temperatures are [already] as warm as, or warmer than, at any point in the last 125,00...
Bart Layton is the British film-maker who previously gave us American Animals, a true-crime docudrama about the theft of rare books. That film’s title would also have applied perfectly well to this new one, an LA crime thriller adapted from a novella by Don Winslow. It is a little in the style of Michael Mann, though without the military hardware and the overhead shots of SUVs moving in swift conv...
Bart Layton is the British film-maker who previously gave us American Animals, a true-crime docudrama about the theft of rare books. That film’s title would also have applied perfectly well to this new one, an LA crime thriller adapted from a novella by Don Winslow. It is a little in the style of Michael Mann, though without the military hardware and the overhead shots of SUVs moving in swift convoy that would make it a full Mann homage. Layton does without the distinctive indirect mannerisms and meta-commentaries of his earlier movies, but he applies his pedal to the metal for what is an enjoyable and very stylish high-stakes armed robbery film about a thief who is highly controlled, super-cool, super-groomed, and naturally looking for the “walkaway money” of the time-honoured one last job. This is Mike (played by Chris Hemsworth), who with his sleek black performance cars and Glock handguns, commits jewel robberies with the laudably nonviolent precision of a ballet-dancing brain surgeon. He is controlled by a leathery old tough guy called Money (Nick Nolte), who once upon a time mentored Mike out of foster care and into crime. But Mike’s hits are all along California’s Route 101, a pattern spotted by LAPD’s single honest cop, detective Lou Lubesnick (Mark Ruffalo), as dishevelled and smart as Columbo. When things go horribly wrong, Mike develops qualms about the whole business, and Money looks like replacing him with Ormon (Barry Keoghan): an undisciplined, trigger-happy youngster who rides a flashy, attention-attracting motorbike – uncool – and has dyed blond hair (also uncool). Everything comes to a crisis point when Mike induces troubled insurance agent Sharon (Halle Berry) to give him inside info for a hugely lucrative job that he figures he can set up on his own. Meanwhile, he can’t bring himself to tell his girlfriend Maya (Monica Barbaro) what he does for a living. This is a movie that revs the engine entertainingly and loudly, though it is less convincing ...
Canadians were in shock on Wednesday after one of the country’s deadliest mass shootings as authorities said seven people were killed at a school in remote northern British Columbia and two others were killed at a nearby home. A woman that police believed was the shooter was found dead, apparently from a self-inflicted wound. Royal Canadian Mounted Police (RCMP) said more than 25 people were wound...
Canadians were in shock on Wednesday after one of the country’s deadliest mass shootings as authorities said seven people were killed at a school in remote northern British Columbia and two others were killed at a nearby home. A woman that police believed was the shooter was found dead, apparently from a self-inflicted wound. Royal Canadian Mounted Police (RCMP) said more than 25 people were wounded in Tuesday’s shooting, including two who were airlifted for medical care with life-threatening injuries. Tumbler Ridge in the Canadian Rockies is more than 1,000km (600 miles) northeast of Vancouver, near the provincial border with Alberta. The provincial government website lists Tumbler Ridge Secondary School as having 175 students from grades 7 to 12. Advertisement “Parents, grandparents, sisters, brothers in Tumbler Ridge will wake up without someone they love. The nation mourns with you and Canada stands by you,” an emotional Prime Minister Mark Carney said as he arrived in parliament. A visibly upset Carney on Wednesday promised Canadians would get through what he called a “terrible” mass shooting. Advertisement “We will get through this. We will learn from this,” Carney told reporters, at one point looking close to tears.
Maddie Meyer/Getty Images News The director of the FDA’s biologics unit, Vinay Prasad, overruled the agency’s reviewers in refusing to accept Moderna’s ( MRNA ) marketing application for its flu vaccine, mRNA-1010, Stat News reported on Wednesday. The agency officials familiar with the matter said that Prasad, who heads the FDA's Center for Biologics Evaluation and Research division (CBER), signed...
Maddie Meyer/Getty Images News The director of the FDA’s biologics unit, Vinay Prasad, overruled the agency’s reviewers in refusing to accept Moderna’s ( MRNA ) marketing application for its flu vaccine, mRNA-1010, Stat News reported on Wednesday. The agency officials familiar with the matter said that Prasad, who heads the FDA's Center for Biologics Evaluation and Research division (CBER), signed a memo issuing the refusal, even as the team of career scientists at the CBER was ready for the review. Moderna ( MRNA ) shares fell ~10% after the company announced on Tuesday that the FDA issued a Refusal-to-File letter indicating that the CBER, which regulates vaccines and other biologics, will not review its biologics license application for mRNA-1010. In a memo, David Kaslow, the head of the FDA vaccine office, even detailed why the FDA should initiate the review. According to a disclosure by Moderna ( MRNA ) on Tuesday, Prasad’s memo on the refusal was issued on Feb. 3, Stat News said, adding that it was unusual for an FDA center director to sign such a memo. More on Moderna Moderna: Analyzing The January Rally And The Road Ahead (Rating Upgrade) Moderna Vs. Novavax: 2 Pandemic Vaccine Pioneers - Which Offers Better Value Today? Moderna: V940/Keytruda Data And Vaccine Revenues Drive A High-Risk Recovery Story Moderna shares drop after FDA refuses to file for mRNA-1010 influenza vaccine Moderna to supply respiratory vaccines to Mexico as part of five-year deal
PC, PlayStation 5, Xbox, Switch 2; Tarsier Studios Childhood terrors come to wretched life in a grim fairytale of a puzzle-platformer that’s as beautifully macabre as it is hard to put down “I thought you were dead,” are the first words you’ll hear from the child protagonists of this horror puzzle-platformer. It’s your first sign that things were going badly long before you got here. Exploring dar...
PC, PlayStation 5, Xbox, Switch 2; Tarsier Studios Childhood terrors come to wretched life in a grim fairytale of a puzzle-platformer that’s as beautifully macabre as it is hard to put down “I thought you were dead,” are the first words you’ll hear from the child protagonists of this horror puzzle-platformer. It’s your first sign that things were going badly long before you got here. Exploring dark waves and desolated urban environments in a rowboat, they’re on a search for their lost friends across a world of rabid, malformed entities. As the children struggle with their outsize fears, so will you, but you’ve at least got the option to play co-op if you want someone on the couch to brave the horrors with. In the early 2000s, irreverent gaming blog Old Man Murray pioneered the “ crate review system ”. The rubric was simple: the sooner the player encountered their first wooden cube of heinous mediocrity, the more uninspired the game. Updating this method for 2026, we’ve got a few new contenders: how soon before you shimmy slowly through a gap, boost a companion over a high ledge so they can pull you up or tediously rotate some mechanism with the analogue stick? Reanimal pulls out all these hits within the first 20 minutes and, by the time the credits roll, six hours in, it feels as if developer Tarsier has wrung the final drops of interactive novelty from its formula of light exploration puzzles, tense but simple stealth and ghastly chases. And yet this grim fairytale is still difficult to put down. Continue reading...
[The content of this article has been produced by our advertising partner.] DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) is pressing ahead with a three-year plan to recruit 100 wealth managers in Hong Kong, a substantial expansion that bets on the city’s entrenched role as a safe haven for capital during periods of global uncertainty. The move by the Singaporean lender, which holds the title of ...
[The content of this article has been produced by our advertising partner.] DBS Bank (Hong Kong) Limited (“DBS Hong Kong”) is pressing ahead with a three-year plan to recruit 100 wealth managers in Hong Kong, a substantial expansion that bets on the city’s entrenched role as a safe haven for capital during periods of global uncertainty. The move by the Singaporean lender, which holds the title of Asia’s Safest Bank for a 17th consecutive year, is a direct response to strengthening demand from high-net worth clients who now value stability above all else, ensuring their wealth is in secure hands. Advertisement It is a considerable wager on Hong Kong’s position as a premier wealth junction. The city’s asset and wealth management sector held over HK$30.5tn in total assets as of late 2022, according to the Securities and Futures Commission’s Asset and Wealth Management Activities Survey 2023, with private banking assets growing more than 20 per cent from 2019 to 2022. Government initiatives, such as a drive to attract 200 family offices to the city by 2025, are designed to cement this status further. Advertisement For DBS Hong Kong, the calculus is clear. In a fragmented world, the ability to provide a trusted harbour, underpinned by a physical network and expert knowledge of the region, catering to both personal wealth and commercial banking needs, will attract assets.