Israel says it has begun strikes on Hezbollah infrastructure in Beirut, as it steps up its campaign in Lebanon. Bloomberg's Dan Williams reports. (Source: Bloomberg)
Israel says it has begun strikes on Hezbollah infrastructure in Beirut, as it steps up its campaign in Lebanon. Bloomberg's Dan Williams reports. (Source: Bloomberg)
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), in Davos, Switzerland, on Monday, Jan. 19, 2026. Bloomberg | Bloomberg | Getty Images Higher inflation and weaker growth ahead are inevitable for the global economy as a consequence of the Iran war, the head of the International Monetary Fund warned on Monday as the institution prepares to cut its forecasts. "All roa...
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), in Davos, Switzerland, on Monday, Jan. 19, 2026. Bloomberg | Bloomberg | Getty Images Higher inflation and weaker growth ahead are inevitable for the global economy as a consequence of the Iran war, the head of the International Monetary Fund warned on Monday as the institution prepares to cut its forecasts. "All roads now lead to higher prices and slower growth," IMF managing director Kristalina Georgieva told Reuters in an interview on Monday night. Before the war, the IMF anticipated issuing a small upgrade on its outlook for global growth of 3.3% in 2026 and 3.2% in 2027, according to Georgieva. But those expectations have since been upended as the Iran conflict has sent shockwaves through the global economy that are unlikely to unravel anytime soon, even if the war is brought to a rapid resolution. The U.S. and Israel's attack on Iran six weeks ago has triggered a significant shock to energy supply as the effective closure of the Strait of Hormuz, a vital shipping corridor, brought marine traffic in the Gulf to a standstill. Shipping through the crucial maritime passage has slowly resumed, with 8 tankers reportedly transiting Monday, compared to an average of fewer than 2 transits per day in March, according to S&P Global Market Intelligence. But traffic volumes remain at a fraction of pre-war levels, with an average of 20 million barrels of crude oil and products transiting through per day in 2025. Global oil supply has reduced by 13%, according to the IMF, while severe damage has been done to other critical supply chains. Georgieva warned that the poorest countries lacking sufficient reserves will be the most affected. "We are in a world of elevated uncertainty," she added, citing geopolitical tensions, technological advancements, climate shocks and demographic shifts. "All of this means that after we recover from this shock, we need to keep our eyes open for the next one." The ...
With the exception of the five-week COVID-19 crash in February-March 2020 and the nine-month bear market in 2022, the bulls have been running the show since 2019 began. Over the last six months, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI) , broad-based S&P 500 (SNPINDEX: ^GSPC) , and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) have all hit record-closing highs. But over the...
With the exception of the five-week COVID-19 crash in February-March 2020 and the nine-month bear market in 2022, the bulls have been running the show since 2019 began. Over the last six months, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI) , broad-based S&P 500 (SNPINDEX: ^GSPC) , and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) have all hit record-closing highs. But over the last six weeks, these record closes have become a distant memory. The Iran war has sent crude oil prices soaring and is triggering inflationary fears on Wall Street. But something far more nefarious may be lurking than inflation. I'm talking about the Federal Reserve's nightmare scenario: stagflation . Continue reading
BP PLC A BP Plc company logo stands illuminated on a sign on the forecourt of a gas station in London, U.K., on Tuesday, Jan. 14, 2014. Photographer Matthew Lloyd/Bloomberg
BP PLC A BP Plc company logo stands illuminated on a sign on the forecourt of a gas station in London, U.K., on Tuesday, Jan. 14, 2014. Photographer Matthew Lloyd/Bloomberg
Tara Moore/DigitalVision via Getty Images Introduction Back when I last covered StoneCo ( STNE ), I highlighted their robust growth and strong financials, trading at an attractive valuation despite their significant potential to develop in Banking and Credit and even in the region over the longer term. With the valuation getting more attractive following the recent price drop and the potential to ...
Tara Moore/DigitalVision via Getty Images Introduction Back when I last covered StoneCo ( STNE ), I highlighted their robust growth and strong financials, trading at an attractive valuation despite their significant potential to develop in Banking and Credit and even in the region over the longer term. With the valuation getting more attractive following the recent price drop and the potential to see nearly 30% in shareholder returns in 2026 following the sale of their Linx business, STNE is upgraded to a Strong Buy. Excellent Growth Continues StoneCo IR Despite a solid year with revenue growing by ~13%, STNE dropped significantly on the day of the release, recognizing a ~$30.6 million (BRL 157.8 million) loss from the Linx divestment and an expense of $9.4 million (BRL 48.5 million) for settlements related to civil lawsuits, while TPV growth was also below expectations, signaling a slowdown in merchant transactions - although the Adjusted EPS grew by 33.6% YoY. StoneCo IR StoneCo’s guidance for 2026 remained within their guidance, with a midpoint in Adjusted Basic EPS of $2.15 per share (BRL 11.1), while the 2027 level was cut to a midpoint of $2.44 (BRL 12.6), although the 2027 guidance assumes no impact from their potentially massive buybacks that can continue, while the one for 2026 doesn’t include the potential special distributions that I’ll mention below, which might be a significant understatement that opens the potential for a beat. STNE also announced that the new managerial total capital ratio will drop from the previous safety cushion of at least 20% to 17%, which unlocks even more cash for the company to spend on growth or shareholder returns, being the result of their enhanced methodology, aiming to match the official standards used by the Brazilian central bank. After running the company for ~3 years and executing several strategic initiatives (divesting non-core assets such as Linx, streamlining the business, introducing a capital allocation framewor...
Citi is optimistic about the short-term stock performance of AMD (AMD.US) and Analog Devices (ADI.US), while regarding the Apple supply chain as a high-quality defensive play. 富途牛牛
Citi is optimistic about the short-term stock performance of AMD (AMD.US) and Analog Devices (ADI.US), while regarding the Apple supply chain as a high-quality defensive play. 富途牛牛
BloombergNEF projects that newly installed global solar capacity will reach around 648 GW in 2026, down slightly by 0.7% year-on-year. Photo: VCG The ongoing conflict in the Middle East and the resulting volatility in energy prices are reviving debate over whether energy-security fears could give renewable power a fresh lift, though analysts say any near-term demand boost is unlikely to resolve th...
BloombergNEF projects that newly installed global solar capacity will reach around 648 GW in 2026, down slightly by 0.7% year-on-year. Photo: VCG The ongoing conflict in the Middle East and the resulting volatility in energy prices are reviving debate over whether energy-security fears could give renewable power a fresh lift, though analysts say any near-term demand boost is unlikely to resolve the severe overcapacity in China’s solar industry. “From the long-term energy transition perspective, geopolitical conflicts do reinforce the importance of renewable energy, but it is difficult to improve the overcapacity in China’s solar industry in the short term,” a solar industry insider told Caixin.