Muhur/iStock via Getty Images Ramaco Resources, Inc. CAL NT 29 ( METCZ ) are senior unsecured notes of Ramaco Resources ( METC ), which were recently issued to raise ~$50 million (before underwriting expenses) for general corporate purposes, future investments & capex and working capital. METCZ carry a coupon rate of 8.375% per annum, payable quarterly. With current market price of $25.2 , the current yield is broadly in line with the coupon. The bonds nearly trade at par at present. The notes are maturing at November 30, 202 9. Therefore, the time remaining to maturity is roughly ~3.5 years from now. These debentures are callable starting from November 2026 . However, METCZ nevertheless tend to differ from many other callable debentures, which also give the company an option to redeem the issue post predetermined timelines but in terms of stated maturity are close to perpetuity or have a very long-time horizon. However, METCZ for that matter would be maturing soon, causing modified duration, even with respect to yield to maturity, to shrink significantly. With reference to yield to call, since the redemption period would start at end-2026, modified duration reduces further. Simply put, METCZ would function more as a carry instrument with very low sensitivity to interest rate fluctuations on either side. Considering this aspect, Ramaco's senior debentures present a noteworthy characteristics for investors in terms of duration exposure. The other way to understand this is to think of the right to call the issue prior to maturity as a call option held by the company. Naturally, this call option is valuable for the issuer. At the same time, we can think of investors as the ones who have effectively sold this call option to the issuer. Without getting into whether the initial yield offered at issuance of these securities was sufficient to compensate investors for the sold option, we shall at least assess the current stated utility of that option with reference to yield ...

Andrey Semenov/iStock via Getty Images Investment Thesis Celestica ( CLS ) still remains an attractive AI infrastructure stock. The decline of ~10% since my last coverage seems to be constructive rather than a broken thesis for Celestica. Growth dynamics from CCS, mainly powered by 800G and ramping of 1.6T, keep pushing operational leverage and earnings up despite $1 billion of CapEx. Lastly, the valuation of <1 PEG still suggests the market underappreciates the scalability and resilience of the earnings stream through 2027. Data by YCharts AI Demand Ignites Celestica’s Operating Leverage Flywheel As I see it, Celestica holds operating leverage linked to AI infrastructure demand. Volume increases within the Celestica's Connectivity and Cloud Solutions (CCS) segment fuel margin expansion and cash flow. Q4 topline hit $3.65 billion , representing a 44% YoY boost. This growth is coming from 800G switch programs and AI/ML compute hardware deployments. Communications end-market topline increased by 79%, and enterprise end-market topline jumped 33%. These top-line gains cascade down the income statement and increase the bottom line as FY EPS growth hit 98.3% . These financials indicate operational scaling as fixed costs spread over production volume increases yield margin expansion. Celestica attained a 7.7% adjusted operating margin and marked an improvement of 0.9 percentage points. Therefore, EPS jumped 70% to $1.89 in Q4 with ROCE hitting 40.5% , which is eclipsing the sector median of 6.96%. Return on Total Capital hit 22.37%, with ROA at 11.54%, and it is also outperforming the 2.95% sector median. These metrics confirm Celestica converts capital investments into cash returns as Levered FCF boosted 144.44% YoY. Q4 Earnings Strength in operations for Celestica is evident through cash flows. The company has $659.5 million generated from operations as a result of volume scale and better working capital management. Its cash conversion cycle improved by eight days to 61....

《科创板日报》4月4日讯（编辑 朱凌） Meta超级智能实验室正在悄然组建硬件团队，由曾在小米、字节跳动工作多年的资深产品人徐睿领导。 尽管Meta旗下的Reality Labs早已凭借智能眼镜和VR头显为人熟知，这一最新动向表明，Meta正在探索超越现有形态的全新AI设备。为推进这一战略，部分Reality Labs工程师已转入超级智能实验室。 徐睿是谁？ 徐睿是一位在合肥长大的“80后”。1999年，他通过高考从合肥一中考入哈尔滨工业大学。在完成本科学业后，他前往首尔大学攻读硕士学位。 硕士研究生毕业后，徐睿加入LG电子，参与开发全球首款基于Linux的手机，这一产品比安卓手机早了整整五年。 2008年，徐睿回到中国，加入多媒体编解码芯片初创公司希图视鼎科技，担任创始工程师及软件负责人。在公司被收购后，他加入英特尔，成为软件应用工程师，参与开发了最早的安卓、Google TV及奈飞手机、电视应用。 30岁时，徐睿决定将职业重心转向产品管理，他进入加州大学洛杉矶分校（UCLA）安德森商学院攻读工商管理硕士（MBA）学位。 MBA在读期间，他加入亚马逊Lab 126实验室，成为Fire TV最早的产品经理之一，由此开启了他的产品经理职业生涯。MBA毕业后，他短暂担任过美国在线的产品经理。 徐睿2015年再次回到中国，先后加入小米、联想、字节跳动、京东方等大厂，主导或负责了小米盒子、联想智能显示器、锤子坚果R2、大力智能学习灯、京东方TCON芯片等产品开发。 2024年，徐睿辞去腾讯XR产品高级总监职位，加入硅谷机器人初创公司K-Scale Labs担任首席运营官，领导机器人硬件开发。不过，这家公司成立仅一年就因资金耗尽倒闭了。 此后，徐睿加入AI智能体初创公司Dreamer担任硬件负责人。上个月，Meta对Dreamer进行了“人才收购”，徐睿随之进入Meta工作。 Meta的AI新硬件是什么？ Meta的AI新硬件究竟是什么，尚不得而知。但可以肯定的是，它不会是类似“豆包手机”那样的AI手机。 徐睿认为，“豆包手机”本质上只是一个挂载了大模型的“按键精灵”，以拙劣却高速的方式模仿人类手指操作。它就像一台“核动力卷笔刀”：拿着AI时代的“核反应堆”（大模型），却强行驱动移动2.0时代的“旧机器”（APP体系），最终仍被禁锢在一个再传统不过的“长方形玻璃盒子”（手机）...

Slovak PM says EU should drop sanctions on Russian oil and gas to boost energy security Reuters

AMD Zen 6 CPU Specifications Leaks – Big Boost Unveiled overclock3d.net

SA Goldman Sachs Multi-Asset Insights Portfolio's Meta Platforms Inc(META) Holding History GuruFocus

Boy Wirat/iStock via Getty Images I previously reiterated my Buy rating for UiPath Inc. ( PATH ) in December 2025, thanks to the new strategic partnerships likely to drive expanded adoption and growth re-acceleration from FY2027 onwards. In this article, I shall discuss why I am reiterating my Buy rating for the PATH stock, thanks to the materialization of a selloff as posited in my last article, the improved risk/reward from the cheaper valuations, and the confirmation of its April 2025 trading floor at the $9s. My optimism is further attributed to their ability to drive renewed growth during the ongoing Agentic AI boom, as similarly observed in the higher adoption of its legacy Robotic Process Automation offerings - all of which contributing to the promising FQ4'26 performance/FY2027 guidance. PATH Proves Its Agentic Automation Beneficiary Status PATH 1Y Stock Price (Trading View) Since then, my Buy Zones nearer to PATH's prior 100-day moving averages of $13.50s has materialized during the worst of the SaaSpocalypse selloff in February 2026, albeit with the bulls once again defending the April 2025 trading floor of $9s before the stock recovers to the $11s by the time of writing. PATH's selloff has notably occurred alongside the wider SaaS sector, as observed in its AI SaaS peers' recent underperformance and the iShares Expanded Tech-Software Sector ETF's ( IGV ) steep selloff by -35.3% between the 52-week highs/lows. This correction has notably lend credence to my prior caution surrounding the stock's previously overbought technical indicators and the potentially painful correction from the prior highs. 1. PATH's Agentic Automation Tailwinds Otherwise, I am of the opinion that PATH continues to boast a robust growth prospect during the ongoing AI boom, with the new workflows from the broader Agentic AI adoption already "creates new surface area for agents. Every agent deployed drives more automation, deeper integration, and broader platform adoption." This develo...

GOOG Mar 2027 500.000 put (GOOG270319P00500000) interactive stock chart Yahoo Finance Singapore

This number can be small, but it can still wreak havoc on your future financial security.

Key PointsInflation has averaged around 3% over long periods, but it can be much higher or lower from year to year.

GOOG Mar 2027 500.000 put (GOOG270319P00500000) stock historical prices and data Yahoo Finance Singapore

美國總統特朗普表示，伊朗須在48小時內達成協議，否則大禍臨頭。

jetcityimage/iStock Editorial via Getty Images It might be time to buy ConAgra ( CAG ). This company currently has a 9% yield because its stock price has fallen so much. Its stock price is now near levels last seen during the 2008 financial crisis. And there are reasons for that. Like the other large food companies, ConAgra has been limiting its price increases to maintain its market share and its margins are weakening as a result. Its GAAP revenue has also been falling, but that’s mostly because it sold its Van de Kamp’s and Mrs. Paul brands last year . So, ConAgra’s recent results aren’t as bad as they look. ConAgra has a nonstandard fiscal year, and it just reported fiscal Q3 2026 results. Because of its recent M&A deal, it’s appropriate to use its adjusted financial results. So, for the third quarter, ConAgra’s organic revenue actually rose 2.4% to $2.79 billion. ConAgra also reported a 23.7% adjusted gross margin. And its adjusted EBITDA was $437 million, so it had a 15.7% adjusted EBITDA margin. In general, ConAgra’s ingredient costs are rising, but it might lose sales to private-label brands if it raises prices too much to make up for that. It’s also selling off extra inventory to maintain its dividend in the short term. So, it might sound like ConAgra’s 9% yield is risky. But many of ConAgra’s investors are long-term investors. This company makes staple products like popcorn, canned vegetables, and frozen meals. So, if it can avoid losing market share, its sales should be relatively consistent. And I think its Q4 2026 results and its 2027 results are likely to be better. The company has stabilized its volumes and is now raising its prices again. Because of that factor, I think its dividend is safer than it may appear. And investors might be overestimating the private-label threat to this company as well. ConAgra is Not Worried About Private-Label Competition ConAgra makes frozen meals such as Marie Callender’s dinners. And ConAgra doesn’t have large competit...

On Wednesday, April 1, 2026, Apple Inc. celebrates 50 years of innovation, culture-shaping products, and unprecedented financial growth. From Garage Beginnings to Global Tech Powerhouse In 1976, Steve Jobs and Steve Wozniak turned a garage in California into the birthplace of Apple. Wozniak had designed a computer circuit board for hobbyists and Jobs saw an opportunity to sell it commercially. Apple Computer Inc. was officially incorporated the following year, setting the stage for decades of in

Across major African cities such as Nairobi, Lusaka, and Abuja, governments are using surveillance technologies and credit lines from China to monitor public spaces and curb crime, a new survey shows. The UK-based Institute of Development Studies (IDS) said Chinese banks were increasingly funding African governments to build and maintain digital infrastructure – including surveillance cameras and command and control centres – under the “safe city” project, also known as “smart city”, which is...

Madmaxer/iStock via Getty Images Co-authored with Beyond Saving We've frequently compared the economic conditions of today to the conditions that occurred in the early 2000s. To be clear, no two time periods are identical, but sometimes history rhymes. The problem is that over 26 years, a lot of holdings today that didn't exist. This is true of our portfolio, and it's true of the S&P 500. Alphabet ( GOOG ) ( GOOGL ), META ( META ), and Tesla ( TSLA ) didn't exist in 2000. One holding that we have that did exist back then is NNN REIT, Inc. ( NNN ). Back then, it was named Commercial Net Lease Realty, but it used the same ticker. From 1998 to 2000, NNN was super unpopular. Its share price declined 45%. Nobody wanted to invest in boring old real estate. Interest rates were high and climbing. The 10-year Treasury spiked up from a low of 4.2% in 1998 to a high of 6.7% in 2000. For real estate companies, a high 10-year Treasury rate is a headwind to earnings. After all, they use leverage to amplify returns. Meanwhile, tech was super popular. Anything Internet automatically traded at a superpremium valuation. I distinctly remember some of my peers making fun of the "old guys" who "didn't understand the Internet" and their old fogie style of investing. Everybody who liked money "knew" that buying Growth stocks was the way to go. After all, look at the charts! Like with many things, as we age, we realize that our elders are smarter than we thought. NNN's Dot-Com Experience By 2001, the optimism around unlimited upside was starting to slip. There were still plenty of internet bulls around, but prices were off highs for the S&P 500. Meanwhile, REITs like NNN were up from their bottom, but still down a lot from 1998. Then the catalyst fell. The labor market weakened, and the Fed started cutting rates. Fear and uncertainty rose in the markets, and investors were losing confidence in how companies would monetize the Internet. In September 2001, the twin towers fell, and the U.S. ...

Artificial intelligence (AI) stocks are currently out of favor in the market. There is too much uncertainty surrounding the war in Iran and skepticism about the payoff on AI spending. This is causing the markets to sell off AI stocks, and this may sound like a terrible time to be buying. However, I think it's the opposite. AI technology isn't expected to reach maturity for several years. As a result, more AI spending will be needed to get us there. Although the market is skeptical about what the return on investment will be for AI, it isn't stopping the AI firms from pursuing multi-year expansion plans. I think the long-term outlook on AI stocks is still bullish, and investors should use this sell-off as a buying opportunity. I've got five stocks that I think are smart buys in April, and investors should use the relative weakness in the market to load up on them while they're cheap. Continue reading

Trump Reminds Iran "48 Hours Before All Hell Will Reign Down" As Search For Missing US Pilot Continues Summary President Trump reminds Iran of deal timeline, threatens "all hell will reign down" if time runs out. Israel launched heavy strikes on Tehran , targeting Iranian air-defense and ballistic-missile sites, while a projectile also hit the perimeter of Iran's Bushehr nuclear plant The U.S. military continued search operations for an American airman who ejected after an F-15E fighter jet was shot down over Iran * * * President Trump Reminds Iran of Timeline, Threatens "All Hell Will Reign Down" As the long weekend continues, President Trump has issued a statement on his social media feed, reminding Iranian negotiators of his timeline for a deal: Remember when I gave Iran ten days to MAKE A DEAL or OPEN UP THE HORMUZ STRAIT. And then the threat: Time is running out - 48 hours before all Hell will reign down on them. Glory be to GOD! President DONALD J. TRUMP The odds of 'boots on the ground' have soared to 83% by the end of the month: It seems the stock market's hope (diverging from oil's surge) was misplaced...for now. Search Operations Continue for Missing Airmen Continues With U.S. and Israeli air-delivered munitions still striking targets across Iran, and Tehran retaliating by hitting high-value sites around the Gulf area, while continuing to disrupt the Strait of Hormuz, the conflict is now entering its sixth week with no credible signs of near-term de-escalation. Add in President Trump's speech last week, which warned that intense targeting could continue for a few more weeks, and it's a very fair assessment that the conflict will carry into next week, with momentum and escalation to the upside. On Saturday, the U.S. military continued search operations for an American airman who ejected after an F-15E fighter jet was shot down over Iran, marking the first downed U.S. aircraft in the conflict. One crew member was rescued, but the second remained missing, wit...

格隆汇4月4日｜据中新网，清明假期首日，两岸“小三通”客运航线迎来客流高峰，众多台胞乘坐“小三通”客船返乡祭祖、探亲旅游。据福建海事局4日通报，当天，4条“小三通”客运航线共运送旅客6655人次，同比增长22.5%。 据统计，厦门至金门“小三通”客运航线运送旅客5892人次，同比增长21.38%；泉州至金门“小三通”客运航线运送旅客315人次，同比增长9.76%；福州黄岐至马祖“小三通”客运航线运送旅客307人次，同比增长57.44%；福州马尾至马祖“小三通”客运航线运送旅客141人次，同比增长48.42%。

honglouwawa/iStock via Getty Images The ProShares Short Dow30 ETF ( DOG ) is an inverse ETF based on the Dow Jones Industrial Average SM Index. It is a popular instrument to short the Dow Jones Index for trading or hedging purposes. DOG was launched on 6/19/2006, has a net expense ratio of 0.95% and a trailing 12-month yield of 3.21%. The fund has $154 million of AUM (assets under management) and an average daily dollar volume of $159 million. About 103% of AUM changes hands in an average trading day, pointing to the fund’s popularity among short-term traders. Underlying index and portfolio As described in the prospectus, ProShares Short Dow30 seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones Industrial Average If the Dow Jones goes down 1% in one day, DOG price is supposed to go up 1%. ProShares gives a warning on long-term holding: For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. The Dow Jones Industrial Average is a 30-stock, price-weighted index including of some of the largest U.S. companies. It is also the underlying index of SPDR® Dow Jones® Industrial Average℠ ETF Trust ( DIA ). Eligible stocks must be part of the S&P 500 Index, excluding the Utilities sector and the Transportation industry per GICS . Constituents are selected by a committee that doesn’t follow quantitative rules. Criteria include a company’s reputation, growth, market interest, the price ratio between the highest priced stock and the lowest priced stock, and sector representation. The index is rebalanced semi-annually in March and September. The turnover is low: 8% in the most recent fiscal year and 3% in the previous year. The top 10 constituents, listed in the next table, represent 55.13% of asset value and the top two names (Goldman Sachs and Caterpillar) weigh 21% in aggregate. Risks related to other individual com...

The stock has returned over 97,000% since 1990, making Apple an all-time Wall Street great.

Key PointsThe iPhone was a pivotal product that helped Apple turn iOS into arguably the world's best business.

Shinsei Motions/iStock via Getty Images I just saw a news story about the most and least shorted tech stocks, and UiPath ( PATH ) was among the most shorted, with a short interest of ~20%. This caught my attention for two reasons. The first is that it made me curious to know why the market is so pessimistic, with such high conviction against UiPath. The second is that if by chance I had a conviction contrary to the market, I would believe in a short squeeze, although this is not my usual type of investment. But I came across an unattractive case. I don't think UiPath is that classic cigar butt with deep value, but I also don't think it's an obvious value trap. But still, my rating is a sell, signaling a preference to avoid the stock (not short it) and prefer other means of riding this AI trend. First, The Good Part of UiPath Going straight to the Key Performance Indicators (KPI), the image below summarizes the financials and even the momentum of UiPath very well. Even though the valuation suggests more stressed financials, the KPIs suggest something else. The ARR (Annualized Renewal Run-rate) already exceeded $1.8 billion in the last quarter, with a net retention rate above 100% and double-digit growth . UiPath Presentation What does all this mean? Well, basically, that UiPath is not a dying business. There is not only a very substantial recurring revenue, but customers on average are maintaining their contracts or making larger contracts. And with double-digit growth, it also suggests they are acquiring more customers, which is true, because in the last quarter the company reached 2.56k customers with an ARR above $100k, compared to 2.29k in the same period of the previous year. Not to mention that it added 40 new customers with an ARR above $1 million in this period. Another positive point is that being a software company and small/mid cap, a very compressed operating margin due to stock-based compensation would already be normal, but the scenario is slightly bett...

当地时间4月4日，美国总统特朗普在社交平台发文，就伊朗问题再次发出强硬表态，称此前已给予伊朗10天时间达成协议或开放霍尔木兹海峡。特朗普表示，相关期限正在临近，并警告称，若未能满足美方要求，“48小时内”可能采取进一步行动。（央视）

ablokhin/iStock Editorial via Getty Images Amplify CWP International Enhanced Dividend Income ETF ( IDVO ) is one of the few active covered call ETFs that provides investors geographical diversification, foreign currency exposure and above average income. It could pair well with other US covered call funds to diversify income streams. The fund has explicit focus on quality, income and momentum as its selection criteria. Momentum is especially important for IDVO. This has several important implications for the fund that I will delve into. IDVO Management Style Active Asset Size $1.04B Expense Ratio 0.66% Portfolio Turnover 132% Top Industry Financial (21%) Top 10 Concentration 32.00% Yield 5.47% Distribution Frequency Monthly Click to enlarge IDVO’s Focus on Quality, Value and Dividend Growth IDVO is an active covered call fund. This makes it a little difficult to analyze from the outside. Still, there are few areas that I want to focus on that are IDVO’s strengths for income investors. First is its explicit focus on quality and dividend growth. The fund holds roughly 30-50 stocks at any given time. The fund targets a yield of 3% - 4%. The remaining 2% - 4% comes from the covered call strategy I will circle back to later. This creates a very attractive and durable yield of 5% - 6%. IDVO does not prioritize value or growth. Most of its portfolio (57%) falls within the blend category. In essence, the fund does not hunt for the highest possible yield or growth. The ETF takes the middle ground. This could be beneficial in today’s 2026 environment as IDVO can take advantage of the best of both worlds. IDVO Value vs Growth Decomposition (Morningstar) If we look at the fund’s relative valuation metrics, its holdings have P/E and P/B ratios comparable to some other value ETFs in the foreign value category. Other metrics are not materially far off. Metric IDVO Foreign Large Value Price/Earnings 13.75 13.17 Price/Book 1.76 1.65 Price/Sales 1.95 1.25 Price/Cash Flow 8 8.2 Divid...

The Vanguard Mega Cap Growth ETF is down big from its highs as the largest tech stocks lead the broader market sell-off.

Key PointsThis exchange-traded fund (ETF) has endured significant selloffs in recent years.

他认为，“灵魂”与“共情”是记者无法被AI取代的独特能力，AI写出来的东西往往没有感情。 复旦大学感染与健康研究院院长、复旦大学附属华山医院感染科主任张文宏教授在近日复旦大学新闻学院进行了一场特别的演讲，他谈及医学与新闻的共通之处时表示：“医学的免疫系统失效，会导致身体攻击自身；新闻的免疫系统失效，会导致社会陷入对立与撕裂。” 张文宏指出，新闻人的责任不仅是记录，更是通过提供真实信息来维持社会的“免疫平衡”。在他看来，医学修复人体的免疫系统，负责治愈身体、诊断事实、降低生理风险；而新闻则是社会的免疫系统，负责挖掘真相、抵御流言、降低社会风险。 在AI技术与算法推荐普及的时代，医学和新闻行业都在面临深刻的变革。张文宏对AI始终保持谨慎拥抱的态度。他曾公开称拒绝在医院的病历系统中引入AI，因为这不利于年轻医生的成长。 面对AI在新闻行业中的渗透，张文宏同样提出担忧。尽管他欣赏AI辅助搜集资料、校对错别字，甚至能写出看似完美、格式工整的稿件，但他认为，“灵魂”与“共情”是记者无法被AI取代的独特能力，AI写出来的东西往往没有感情。“要利用AI提高效率，但绝不能让AI替代独立思考。”张文宏表示。 疫情期间，张文宏因极富温情的语言感染力以及科学冷静的思考而深得人心。在他看来，传播力的本质是同频共振。“如果你不能理解你的受众，不能共情他们的恐惧与希望，哪怕你的数据再精准，写出来的也只是冰冷的代码。”他说道。 在谈及如何看待自己在公众舆论中的形象时，张文宏自嘲为“被迫成为新闻人物”的医生。他坦言，医生很忙，要看门诊、查房、带学生，基本没时间去看别人的评论。他同时也强调，舆论是一把双刃剑，它能伤人，也能救人。“但不能因为害怕受伤就拆掉广场，而是要学会在广场上如何理性地对话。”他表示。

打击对象还有非法存贷款中介、非法保险代理中介、信用卡不正当“反催收”中介等 【财新网】 近年来，金融领域消费纠纷频发，非法中介乱象滋生，出现了完整的黑灰产业链。2025年6月至11月，公安部会同国家金融监管总局开展了为期6个月的金融领域“黑灰产”违法犯罪集群打击工作。近日，两部门启动了新一轮“黑灰产”违法犯罪集群打击工作，聚焦重点与上一轮相比有所变化。 2026年4月2日，公安部经济犯罪侦查局、国家金融监督管理总局稽查局召开视频会议，联合部署开展新一轮金融领域“黑灰产”违法犯罪集群打击工作，进一步整治金融非法中介乱象，坚决维护金融管理秩序，切实保护金融消费者合法权益，努力以高水平安全护航金融高质量发展。