India’s securities regulator is proposing to allow companies undertake share buybacks via the open market, addressing investor demand to provide support to local stocks that are hovering near one-year lows, hurt by the war in the Middle East. Companies will be allowed to buy their shares directly on the stock exchanges through a dedicated window, the Securities and Exchange Board of India said in ...
India’s securities regulator is proposing to allow companies undertake share buybacks via the open market, addressing investor demand to provide support to local stocks that are hovering near one-year lows, hurt by the war in the Middle East. Companies will be allowed to buy their shares directly on the stock exchanges through a dedicated window, the Securities and Exchange Board of India said in a discussion paper released on Thursday. The regulator has sought public comments by April 23. READ: Indian Companies Brace for Buyback Rush Before Tax Changes The regulator’s step comes amid growing demand by investors to reinstate the mechanism after it was banned in April last year due to an unfair tax advantage for investors selling shares in a buyback. Indian stocks fell 11% in March as foreign investors sold a record amount of shares due to uncertainty over the US and Israel’s war in Iran. SEBI said new tax amendments introduced by the government addressed earlier concern that some shareholders were selling shares in a buyback to avoid paying taxes on capital gains made. The earlier regime was also inequitable to investors, as their offer to sell shares was not always matched by the company — an issue the new mechanism seeks to address. Under the proposed framework, public shareholders would be taxed on capital gains when shares are tendered, shifting the tax burden from the company to the investor. As a result, selling shares through a buyback is now broadly equivalent, from a tax perspective, to selling them in the open market. The regulator has proposed that buybacks from the stock market is undertaken within a mechanism where execution of orders is determined by price-time matching and all shareholders have equal opportunity to participate.
Tesla's (TSLA) long-term valuation now rests on two AI bets: the Cybercab robotaxi network and the Optimus humanoid robot. The problem? Both are currently cost centers, and that means the company needs cash. So where does it find it? The answer might surprise you.
Tesla's (TSLA) long-term valuation now rests on two AI bets: the Cybercab robotaxi network and the Optimus humanoid robot. The problem? Both are currently cost centers, and that means the company needs cash. So where does it find it? The answer might surprise you.
Jim Zelter, president at Apollo Global Management, offers a defense of private credit and says investors are missing the plot on the public/private convergence. (Source: Bloomberg)
Jim Zelter, president at Apollo Global Management, offers a defense of private credit and says investors are missing the plot on the public/private convergence. (Source: Bloomberg)
Groupe Dynamite press release ( GRGD:CA ): Q4 GAAP EPS of C$0.69. Revenue of C$394.18M (+45.0% Y/Y). More on Groupe Dynamite Groupe Dynamite: When The Bottom Never Comes Groupe Dynamite projects FY2025 comparable store sales growth guidance between 26.5% - 27% Historical earnings data for Groupe Dynamite Financial information for Groupe Dynamite
Groupe Dynamite press release ( GRGD:CA ): Q4 GAAP EPS of C$0.69. Revenue of C$394.18M (+45.0% Y/Y). More on Groupe Dynamite Groupe Dynamite: When The Bottom Never Comes Groupe Dynamite projects FY2025 comparable store sales growth guidance between 26.5% - 27% Historical earnings data for Groupe Dynamite Financial information for Groupe Dynamite
The two billionaires who once showed up at McDonald's armed with coupons despite holding "McGold" cards and later rolled up their sleeves to flip burgers and serve Blizzards at Dairy Queen now find themselves on radio silence. Warren Buffett made clear that the quiet is no accident. In a CNBC interview on Tuesday, the Berkshire Hathaway chairman shared that he and Microsoft co-founder Bill Gates h...
The two billionaires who once showed up at McDonald's armed with coupons despite holding "McGold" cards and later rolled up their sleeves to flip burgers and serve Blizzards at Dairy Queen now find themselves on radio silence. Warren Buffett made clear that the quiet is no accident. In a CNBC interview on Tuesday, the Berkshire Hathaway chairman shared that he and Microsoft co-founder Bill Gates had not spoken since the latest Jeffrey Epstein documents came to light. The interview cast a new lig
Thomas Barwick | Digitalvision | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While many wealthy parents are breathing a sigh of relief over estate tax changes in last year's tax bill, some are questioning whether the...
Thomas Barwick | Digitalvision | Getty Images A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. While many wealthy parents are breathing a sigh of relief over estate tax changes in last year's tax bill, some are questioning whether they gave too much to their children — and how to get some of it back. Before the passage of the One Big Beautiful Bill Act last summer, the estate tax exemption was set to be cut in half to about $7 million a person at the end of 2025. Many families accelerated gifts to their kids and friends before the deadline in order to take advantage of the higher exemption, which was set during the first Trump administration. Under Trump's second term, however, the new tax law not only raised the exemption to $15 million but also made it permanent. Lawyers and advisors told Inside Wealth that some parents are now second-guessing their gifts and considering their legal options for potentially clawing some of it back. It's a somewhat unexpected element of the "great wealth transfer," with more than $100 trillion expected to flow to heirs through 2048, as estimated by Cerulli Associates. Mark Parthemer of Glenmede said divorce is a common reason for clients to regret transferring vast sums to their kids. Wealthy couples frequently set up spousal lifetime access trusts , or SLATs, to get assets out of their estate but keep indirect access to them through their spouse. After a divorce, the spouse who funded the trust loses the benefit of that cash flow. "We're now finding the rubber is hitting the road," said Parthemer, Glenmede's chief wealth strategist. "There's a lot of individuals that are just statistically going to find themselves in that scenario." Parents have a few routes to claw back assets that were already transferred to their children. One option is to take a loan from the trust...
The Philippines is the latest country to consider banning minors from social media, joining a regional wave led by Australia and Indonesia, but technology analysts warn that restricting access alone will do little to address the platform design flaws that expose young users to harm. Philippine Senator Sherwin Gatchalian on Monday called for legislation to limit minors’ access to social media platf...
The Philippines is the latest country to consider banning minors from social media, joining a regional wave led by Australia and Indonesia, but technology analysts warn that restricting access alone will do little to address the platform design flaws that expose young users to harm. Philippine Senator Sherwin Gatchalian on Monday called for legislation to limit minors’ access to social media platforms, days after Indonesia began enforcing a ban on under-16s using “high-risk” platforms such as...
Few combinations tickle the flavour palate like booze and chocolate, it’s no wonder they mix well Among my minor childhood traumas was the time my dad returned from a business trip to Belgium with a smart box of assorted chocolates (cue tiny violins). Expecting caramel, I bit into a truffle and was met by an explosion of very boozy liqueur. The box seemed to be an exciting change from the usual du...
Few combinations tickle the flavour palate like booze and chocolate, it’s no wonder they mix well Among my minor childhood traumas was the time my dad returned from a business trip to Belgium with a smart box of assorted chocolates (cue tiny violins). Expecting caramel, I bit into a truffle and was met by an explosion of very boozy liqueur. The box seemed to be an exciting change from the usual duty-free Toblerone, but after this incident, truffle assortments have always struck me as deeply unsafe. (I have tried liqueur-filled chocolates since, but still remain flummoxed by them.) So you can imagine my feelings about chocolate-infused liqueurs. Personally, I think some things don’t need to mix, but in this era of edible collabs (see the recent Flying Goose sriracha x Heck sausages ), brands can’t resist a dabble. Enter Bailey’s x Terry’s Chocolate Orange Irish Cream Liqueur , which will send fans of both products aflutter. Most creamy chocolate liqueurs use a neutral grain spirit as their base, which is mixed with dairy, sugar and chocolate flavouring – the base for Bailey’s, for example, is Irish whiskey. Waitrose is less specific about the base of its No1 Blonde Chocolate Cream Liqueur , which is inspired by the supermarket’s chocolate bar of the same name and made in partnership with a distiller in Burgundy. Apparently, it has “notes of caramelised white chocolate”, though I found it cloying. Such things are better served ice-cold, however – Waitrose recommends serving it on the rocks or over ice-cream; I might use it to spike a bread-and-butter pudding or chocolate tart. Continue reading...
Only a small fraction of about 43 million have had their debt cancelled, the relief for those who have is transformative Of the roughly 43 million Americans carrying student loan debt – totaling nearly $1.7tn – only a small fraction have seen their balances erased. For those who have, the relief has been transformative, with several telling the Guardian how the forgiveness has reshaped financial f...
Only a small fraction of about 43 million have had their debt cancelled, the relief for those who have is transformative Of the roughly 43 million Americans carrying student loan debt – totaling nearly $1.7tn – only a small fraction have seen their balances erased. For those who have, the relief has been transformative, with several telling the Guardian how the forgiveness has reshaped financial futures and opened doors to new careers, stability and long-delayed life plans. “My loan was forgiven at the end of 2025 through the Public Service Loan Forgiveness Program,” said Laura Kluss, a 41-year-old clinical social worker based in Sacramento, California. “It was in the six figures at the time of forgiveness. Interest rates were making it extremely difficult to pay it down. Continue reading...
Mastery of banal style is losing its usefulness – but language is more powerful than ever. It’s up to the writer to do what machines can’t I recently heard an exchange at a playground that should worry the executives at AI companies more than any analyst’s prediction of a bubble. A boy and a girl, maybe 10 years old, were fighting. “That’s AI! That’s AI!” the girl was shouting. What she meant was ...
Mastery of banal style is losing its usefulness – but language is more powerful than ever. It’s up to the writer to do what machines can’t I recently heard an exchange at a playground that should worry the executives at AI companies more than any analyst’s prediction of a bubble. A boy and a girl, maybe 10 years old, were fighting. “That’s AI! That’s AI!” the girl was shouting. What she meant was that the boy was indulging a new and particular breed of nonsense: language that sounds meaningful but has no connection to reality. The children have figured the new world out quickly, as they do. Artificial intelligence is here to stay, neither as an apocalypse nor as the solution to all life’s problems, but as a disruptive tool. The recent scandal over Shy Girl , the novel by Mia Ballard, was doubly revealing. Hachette cancelled its publication amid claims it was reliant on AI generation (Ballard has said that an acquaintance who edited the self-published version used AI, not her). But the book was originally self-published. Apparently readers and editors didn’t mind until the use of AI was pointed out to them. Stephen Marche lives in Toronto and is the author of The Next Civil War and On Writing and Failure Continue reading...
Less than a year after US artificial intelligence start-up Anthropic called out China as an “adversarial nation” and vowed to restrict the country’s access to its technologies, the company inadvertently released coding secrets, triggering a frenzy among Chinese developers. The leak occured after an Anthropic employee accidentally included the modified source code of Claude Code, the company’s sens...
Less than a year after US artificial intelligence start-up Anthropic called out China as an “adversarial nation” and vowed to restrict the country’s access to its technologies, the company inadvertently released coding secrets, triggering a frenzy among Chinese developers. The leak occured after an Anthropic employee accidentally included the modified source code of Claude Code, the company’s sensational AI coding tool popular among developers worldwide, in a file within a software package...
An oil-supply shock caused by the US-Israel conflict with Iran is complicating US President Donald Trump’s already fragile mineral-alliance strategy, analysts said, given the acute vulnerability of energy-intensive rare earth refining and critical metal supply chains to such disruption. Oil and gas are essential for the critical mineral industry, according to analysts. Hydrometallurgical extractio...
An oil-supply shock caused by the US-Israel conflict with Iran is complicating US President Donald Trump’s already fragile mineral-alliance strategy, analysts said, given the acute vulnerability of energy-intensive rare earth refining and critical metal supply chains to such disruption. Oil and gas are essential for the critical mineral industry, according to analysts. Hydrometallurgical extraction for rare earth elements and other metals, such as nickel and cobalt, relies on a suite of chemical...
In this article NVO NVO LLY Follow your favorite stocks CREATE FREE ACCOUNT Wegovy semaglutide tablets. Michael Siluk | Universal Images Group | Getty Images The Wegovy pill showed more pronounced weight loss and less cumbersome side effects than Eli Lilly 's rival pill that was approved this week , Novo Nordisk said Thursday. Oral Wegovy demonstrated "significantly greater mean weight loss" than ...
In this article NVO NVO LLY Follow your favorite stocks CREATE FREE ACCOUNT Wegovy semaglutide tablets. Michael Siluk | Universal Images Group | Getty Images The Wegovy pill showed more pronounced weight loss and less cumbersome side effects than Eli Lilly 's rival pill that was approved this week , Novo Nordisk said Thursday. Oral Wegovy demonstrated "significantly greater mean weight loss" than orforglipron, which Lilly will sell under the brand name Foundayo from next week, in an indirect study that compared the outcomes of other studies. Novo's findings evaluated previously published studies of the medicines and did not include any fresh data points. It will present further details of the study at the Obesity Medicine Association's annual conference next week, the Danish drugmaker said. A separate analysis suggested that 84% of patients favored a drug profile similar to that of semaglutide, the active ingredient in Wegovy and Ozempic, to that of Foundayo, Novo said. "These studies add to the growing body of evidence supporting the clinical strength of semaglutide and highlight attributes that patients value when choosing an obesity medicine that fits their lifestyle," said newly-appointed Jamey Millar, executive vice president for U.S. operations. Efficacy versus ease It comes as Novo and Lilly are both trying to shape the narrative of their respective pills, which is broadly considered to be the start of the next phase of the weight-loss drug era. The introduction of pills as an alternative to injections is expected to scale the market, as they are more easily distributed worldwide and favored by consumers. Eli Lilly CEO Dave Ricks told CNBC this week that Foundayo is more accessible and can more easily be fitted into daily routines. Foundayo can be taken without food restrictions, while the Wegovy pill needs to be taken first thing in the morning on an empty stomach with only a small amount of water, and patients must wait at least 30 minutes before eating. wa...
karandaev/iStock via Getty Images Co-authored by Kody's Dividends Many investors fear the term "reverse split." Usually, a reverse split occurs more often in the fund space or with smaller companies when the share value of the company has declined so much that the company must consolidate the shares outstanding to boost per-share prices. The value of the company itself does not change, just the sh...
karandaev/iStock via Getty Images Co-authored by Kody's Dividends Many investors fear the term "reverse split." Usually, a reverse split occurs more often in the fund space or with smaller companies when the share value of the company has declined so much that the company must consolidate the shares outstanding to boost per-share prices. The value of the company itself does not change, just the share price per share. If you imagine a pie, each slice of the pie gets bigger, even though the total pie itself remains the same. For some companies, however, the value of each individual share can become so large that it causes many investors to no longer be interested in buying shares of the company. Berkshire Hathaway ( BRK.A )( BRK.B ) is famous for having exceptionally expensive individual shares. Their Class A shares trade hands for over $700,000, which effectively locks out the vast majority of retail investors from owning multiple shares. Some companies, when their share price becomes large enough that they feel that it is pricing out investors they would like to have access to their shares, will enact the opposite of a reverse split. They will enact a share split. This will turn one share into multiple shares. The same story with the pie exists. The pie remains the same size. It's cut into more slices. The idea is that more individual retail investors can enjoy a piece of the pie because it's no longer too expensive. Today, I want to take a look at a company that is excellent in many regards, but its share price has kept common retail investors out of share ownership. That changes today with a 25-for-1 split that just occurred. Let's dive in! An Ecosystem That Supports Long-Term Compounding Booking Holdings February 2026 Investor Presentation With a supply chain of more than 4 million accommodation properties in 220+ countries and territories, Booking Holdings ( BKNG ) is the largest online travel agency in the world. It's known for leading brands, such as the epony...
Gary Yeowell/DigitalVision via Getty Images One of the best calls that I have made over the last couple of years now has been my decision , in April of 2024, to upgrade shares of Woodward ( WWD ) from a ‘hold’ to a ‘buy’. This decision was not made lightly. I acknowledged, at that time, for instance, that the business was trading at rather lofty multiples. However, I was optimistic about its growt...
Gary Yeowell/DigitalVision via Getty Images One of the best calls that I have made over the last couple of years now has been my decision , in April of 2024, to upgrade shares of Woodward ( WWD ) from a ‘hold’ to a ‘buy’. This decision was not made lightly. I acknowledged, at that time, for instance, that the business was trading at rather lofty multiples. However, I was optimistic about its growth trajectory and history of strong financial performance. Management had even increased their guidance for that fiscal year. Since then, things have gone better than I could have hoped. While the S&P 500 is up 27.2% since then, shares of Woodward have risen 156.4%. A lot of this was warranted, though I will admit that the stock has become very pricey. Because of how it's priced compared to other similar firms, with its share price near the higher end of the spectrum but not quite at it, I'm not ready to downgrade it all the way to a ‘sell’ just yet. But I absolutely think it's time to downgrade it to a ‘hold’. And if we see further outperformance relative to the market, a subsequent downgrade to something bearish is highly probable. Woodward has taken flight Operationally, I view Woodward as a fascinating business. Management describes the company as a designer, producer, and services provider, of control solutions for the aerospace and industrial markets. Examples of what it offers include fluid energy, combustion control, electrical energy, and motion control systems. But to really understand the business, it would be best to dig deeper and look at each of its operating segments in turn. The larger of these is its Aerospace segment. This unit is responsible for the production and provision of services systems and products that are important for the management of fuel, air, combustion, and motion control activities in the aviation industry. Management has provided examples here such as metering units, fuel pumps, air valves, fuel nozzles, and more. It even offers up flight...
“We’re never moving fast enough,” says Bob Segert, CEO of Athenahealth. Segert joins Bloomberg Intelligence analyst Jonathan Palmer to discuss the strategic reset that reshaped Athenahealth: cutting losing bets, doubling down on ambulatory care and building around its cloud-native athenaOne platform to drive operating leverage. The conversation explores Athenahealth’s aggressive AI pivot, its open...
“We’re never moving fast enough,” says Bob Segert, CEO of Athenahealth. Segert joins Bloomberg Intelligence analyst Jonathan Palmer to discuss the strategic reset that reshaped Athenahealth: cutting losing bets, doubling down on ambulatory care and building around its cloud-native athenaOne platform to drive operating leverage. The conversation explores Athenahealth’s aggressive AI pivot, its open-platform strategy and why speed, product discipline and better physician economics will determine t