Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled—wiping out recent gains at major firms like Millennium and Balyasny. A few funds bucked the trend, but overall it marked the industry’s sharpest drawdown in months. (Source: Bloomberg)
Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled—wiping out recent gains at major firms like Millennium and Balyasny. A few funds bucked the trend, but overall it marked the industry’s sharpest drawdown in months. (Source: Bloomberg)
In this article CMCSA CHTR SSP Follow your favorite stocks CREATE FREE ACCOUNT Yoshinobu Yamamoto #18 of the Los Angeles Dodgers and Donald Glover greet Yoshi after throwing out the first pitch before a baseball game against the Cleveland Guardians at Dodger Stadium on March 31, 2026 in Los Angeles, California. Ryan Sirius Sun | Getty Images Sport | Getty Images A group of regional sports networks...
In this article CMCSA CHTR SSP Follow your favorite stocks CREATE FREE ACCOUNT Yoshinobu Yamamoto #18 of the Los Angeles Dodgers and Donald Glover greet Yoshi after throwing out the first pitch before a baseball game against the Cleveland Guardians at Dodger Stadium on March 31, 2026 in Los Angeles, California. Ryan Sirius Sun | Getty Images Sport | Getty Images A group of regional sports networks is set to wind down, marking the demise of a once lucrative business and leaving the fate of local baseball, basketball and hockey broadcasts in the balance — even as live sports command the highest TV ratings. RSNs have felt arguably the greatest pressure from the losses that plague the pay TV bundle as consumers switch to streaming. Now, the model is in rapid decline. Last week, as the 2026 MLB season got underway, the league announced it was taking over media distribution for 14 teams. In large part, this was the result of the inevitable wind down of Main Street Sports – formerly Fox Sports networks, which have been through different owners since 2019 and several name changes since 2021. Main Street emerged from bankruptcy protection in late 2024, and despite touting subscriber growth as recently as last spring, the operator faced another liquidity crunch earlier this year when MLB rights payments were due, according to people familiar with the matter. Main Street owned roughly 15 channels, but at one point aired 30 MLB, NHL and NBA teams after exiting bankruptcy. Though the company was in sale talks earlier this year with the likes of DAZN and Fubo, the discussions never amounted to a deal, according to the people. Rumors of liquidation circulated — in the middle of the NBA and NHL seasons — but Main Street has so far been able to stave that off. Instead, MLB teams went their separate ways at the beginning of the season – some shifting to MLB distribution, and some like the Anaheim Angels and Atlanta Braves are taking over the production and distribution of their own r...
England off-spinner spent the Ashes carrying drinks but is determined to win back place with help of Mickey Arthur A new season dawns and for Shoaib Bashir it represents a new beginning. Overlooked by England for the entire Ashes despite two years of investment, and having had a nomadic career up to this point, the former Surrey youth player has joined Derbyshire on a two-year deal in the hope of ...
England off-spinner spent the Ashes carrying drinks but is determined to win back place with help of Mickey Arthur A new season dawns and for Shoaib Bashir it represents a new beginning. Overlooked by England for the entire Ashes despite two years of investment, and having had a nomadic career up to this point, the former Surrey youth player has joined Derbyshire on a two-year deal in the hope of calling somewhere home. Not that the off-spinner’s goals have changed. In his first media appearance since that winter carrying drinks, the 22-year-old is determined to win back his Test spot. Swapping Somerset for Derbyshire is a case of looking for regular game time, plus the chance to work with a decorated head coach in Mickey Arthur. Continue reading...
"Everything About This Market Is Wild": European Diesel Futs Top $200 As Global Scramble Accelerates The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon. The longer the Strait of Hormuz remains closed, the more intense th...
"Everything About This Market Is Wild": European Diesel Futs Top $200 As Global Scramble Accelerates The global tug-of-war for fuel looks set to accelerate, with traders scrambling to secure supplies even more aggressively after President Trump showed no signs of an end to hostilities (and a reopening of the Strait) any time soon. The longer the Strait of Hormuz remains closed, the more intense the competition is likely to become. Traders have warned that Europe is at risk of diesel shortages in the coming weeks. “Everything about this market is wild,” said Philip Jones-Lux, a senior oil analyst at energy analytics firm Sparta Commodities. “Europe is still short of diesel, but the situation in Asia is so much more acute that prices there are pulling barrels halfway around the world.”. Nevertheless, Europe’s diesel futures rose to the highest level since 2022, as the Iran war hits supply of the fuel that powers the global economy. As Bloomberg reports, futures traded as high as $1,498 a ton, or more than $200 a barrel, as they surged as much as 9.7% in London. Prices have almost doubled since the war in the Middle East started over a month ago with US and Israeli attacks on Iran, and Tehran’s retaliation resulting in an effective closure of the vital Strait of Hormuz. As Goldman futures trader, Robert Quinn notes ( pro subs can read Quinn's full note here ), the onset of the Iran War forced substantial producer short covering in European Diesel . According to Commitment of Traders, Gasoil Producer, Merchant, Processor, and User (PMPU) shorts tumbled -$13bn during February 24th - March 10th. This marked the largest 2 week decline since Russia attempted to invade Ukraine. But PMPU downside eventually reinitiated, albeit slowly. Over March 10th - 24th, PMPU shorts rebounded +$3.9bn. And speculators resumed long purchases. After generally liquidating throughout the initial price rally, Managed Money, Other, and Non-Reportable bought +$1.3bn of gross longs from March 17th...
Intel showcases stronger AI inference in MLPerf v6.0, with Xeon 6 CPUs and Arc Pro GPUs boosting performance, scalability and efficiency across workloads.
Intel showcases stronger AI inference in MLPerf v6.0, with Xeon 6 CPUs and Arc Pro GPUs boosting performance, scalability and efficiency across workloads.
Director and producer is co-creator of You Are Here, a one-day immersive theatrical event traversing 75 years of youth culture Out of chaos come great cultural movements, according to the director and producer Danny Boyle , who will inflict a little curated chaos on London’s Southbank Centre with what has been described as an “epic, one-off pop culture spectacular”. Boyle, whose 2012 London Olympi...
Director and producer is co-creator of You Are Here, a one-day immersive theatrical event traversing 75 years of youth culture Out of chaos come great cultural movements, according to the director and producer Danny Boyle , who will inflict a little curated chaos on London’s Southbank Centre with what has been described as an “epic, one-off pop culture spectacular”. Boyle, whose 2012 London Olympics opening ceremony drew on the rich thread of British culture, is the co-creator and director of You Are Here , a one-day immersive theatrical event traversing 75 years of youth culture and social movement: think teddy boys, Lovers’ Rock, punk, Ziggy Stardust, rave, acid house, the spoken word, Brit pop, ballroom to name a few. Continue reading...
Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) both reported fiscal second-quarter results within a day of each other in late January 2026, and the two quarters reveal two very different bets on what drives technology growth. One is monetizing a massive installed base of loyal hardware users. The other is building the infrastructure layer for an AI-driven ... Microsoft vs. Apple: $30B AI Buildout...
Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) both reported fiscal second-quarter results within a day of each other in late January 2026, and the two quarters reveal two very different bets on what drives technology growth. One is monetizing a massive installed base of loyal hardware users. The other is building the infrastructure layer for an AI-driven ... Microsoft vs. Apple: $30B AI Buildout vs $85B iPhone Surge
TexBr/iStock via Getty Images For those of you who thought we were going to get an exit ramp from President Trump last night when he addressed the nation in a prime-time speech, you must be heavily disappointed. Not only was there no definitive timeline suggesting that the Trump administration is committed to achieving a ceasefire anytime soon, Trump also laid out a path for further and potentiall...
TexBr/iStock via Getty Images For those of you who thought we were going to get an exit ramp from President Trump last night when he addressed the nation in a prime-time speech, you must be heavily disappointed. Not only was there no definitive timeline suggesting that the Trump administration is committed to achieving a ceasefire anytime soon, Trump also laid out a path for further and potentially more painful escalation (for Iran), which we know could involve striking Iranian power infrastructure. That would almost certainly mark a substantially more intensified phase in the current Iranian war. However, Trump has also maintained the olive branch that he had offered to the Iranian leaders, urging them to come to the negotiating table and meet U.S. demands. While the public posturing is decidedly hawkish, I believe the backchannel talks, reportedly facilitated by Pakistani interlocutors, may not look as bellicose as either the U.S. or Iran would want us to believe publicly. Still, while both sides have good (enough) reasons to come to the table and strike an agreement to de-escalate, it remains to be seen whether the U.S. is satisfied with the objectives it has achieved so far in this campaign. Although it does seem that Iranian military capabilities have been badly wrecked, the fact that the IRGC can still mount a somewhat strong response and launch missiles and drone strikes at its Middle Eastern neighbors and U.S. forces. It clearly indicates that Iran continues to retain and pose a sufficiently lethal threat through the remnant forces hiding in highly secretive underground bases or in mountainous regions that are difficult to detect and destroy across Iran’s sprawling terrain. Moreover, Iran’s gambit of holding the world hostage by shuttering the Strait of Hormuz has arguably worked very effectively. The U.S. is finding it extremely challenging to reopen the conduit under current circumstances without the optionality and capability that a ground invasion maneuv...
SlavkoSereda/iStock via Getty Images U.S. crude oil futures skyrocketed past $110/bbl Thursday after President Trump rattled markets with his promise to escalate attacks on Iran over the next 2-3 weeks, sparking fears of prolonged disruptions to oil supply. Meanwhile, French President Macron said it would be " unrealistic " to launch a military operation to force open the Strait of Hormuz, after...
SlavkoSereda/iStock via Getty Images U.S. crude oil futures skyrocketed past $110/bbl Thursday after President Trump rattled markets with his promise to escalate attacks on Iran over the next 2-3 weeks, sparking fears of prolonged disruptions to oil supply. Meanwhile, French President Macron said it would be " unrealistic " to launch a military operation to force open the Strait of Hormuz, after Trump challenged countries most impacted by the shutoff to work towards reopening it. U.S. front-month Nymex crude ( CL1:COM ) for May delivery surged 11.3% to $111.49/bbl, the highest in four years, and front-month Brent crude ( CO1:COM ) for June delivery soared 7% to $108.28/bbl, still below highs near $120 touched earlier in the conflict. Oil and gas equities, which fell sharply in the previous session, turned broadly higher in Thursday's trading - although below highs posted at the open - led by Diamondback Energy ( FANG ) up 3%, Texas Pacific Land ( TPL ) up 2%, ConocoPhillips ( COP ) up 1.9%, Chevron ( CVX ) up 1.8%. Markets are reacting to the absence of any "clear mention of ceasefire or diplomatic engagement" in the speech, Phillip Nova senior analyst Priyanka Sachdeva said in a note. "If tensions intensify or maritime risks increase, oil could test fresh highs as markets price in potential supply disruptions." OPEC+ reportedly will consider a further oil output increase when eight members meet on Sunday, a move that would position key producers to add more barrels if the Strait of Hormuz reopens. ETFs: ( USO ), ( BNO ), ( UCO ), ( SCO ), ( USL ), ( DBO ), ( DRIP ), ( GUSH ), ( USOI ), ( XLE ) More on Crude Oil Futures, Brent Futures, etc. Go Get Your Own Oil: The False Promise Of Peace Commodities: Oil Falls Below $100 On Optimism Over Iran War WTI Outlook: Brent-WTI Falls To 2026 Lows. Oil Corrects As War Resolution Nears The best hedge against oil-based inflation is oil itself – strategist Brent crude oil could average $113/bbl in Q2 – Oxford Economics