Hormuz Bypasses Maxed Out: Saudi East-West Pipeline Hits Record 7 MMb/d, As UAE Fujairah Crude Loadings Reach Capacity The ramp up in Saudi Arabia's Hormuz-bypassing East-West pipeline has been nothing short of remarkable. Two days after we reported that flow through the pipeline which crosses Saudi Arabia east to west for oil flows (hence the name) and is also known as the Abqaiq-Yanbu pipeline f...
Hormuz Bypasses Maxed Out: Saudi East-West Pipeline Hits Record 7 MMb/d, As UAE Fujairah Crude Loadings Reach Capacity The ramp up in Saudi Arabia's Hormuz-bypassing East-West pipeline has been nothing short of remarkable. Two days after we reported that flow through the pipeline which crosses Saudi Arabia east to west for oil flows (hence the name) and is also known as the Abqaiq-Yanbu pipeline for nat gas flows had doubled from roughly 1.5 million before the war, today Bloomberg updates on the latest flow numbers and it now appears that the crucial East-West pipeline is pumping oil at its full capacity of 7 million barrels a day. Crude exports via Yanbu have now reached about 5 million barrels a day and the kingdom is also exporting 700,000 to 900,000 barrels a day of refined products , according to the Bloomberg source familiar with the Saudi oil industry. Of the 7 million barrels a day that go through the pipeline, 2 million are destined for Saudi refineries. This remarkable achievement, which many experts predicted would take weeks longer to achieve, is the culmination of the kingdom’s longstanding contingency plan for keeping its oil flowing after the effective closure of their main export route. Meanwhile, the Red Sea next to the Saudi port terminal of Yanbu is becoming a bit of a tanker parking lot as flotillas of tankers patiently await to collect the oil, providing an important lifeline for global supply. As reported previously, Saudi Arabia has been preparing for decades for the worst-case scenario of Hormuz closing. It put its contingency plan to work within hours of the first US and Israeli strikes on Iran, and has been ramping up east-west shipments ever since. Running the breadth of the Arabian Peninsula from the massive oil fields in the east of the country to the industrial port city of Yanbu, the pipeline is more than 1,000 kilometers (620 miles) long. It’s a by-product of a previous conflict - the 1980s Iran-Iraq war - which saw attacks on ships i...
TORONTO, March 28, 2026 (GLOBE NEWSWIRE) -- (TSX: MPY) Mulvihill Premium Yield Fund (the “Fund”) announces results of operations for the year ended December 31, 2025. Increase in net assets attributable to holders of Class I units amounted to $1.29 million or $1.10 per Class I unit, increase in net assets attributable to holders of Class F units amounted to $1.25 million or $1.13 per Class F unit,...
TORONTO, March 28, 2026 (GLOBE NEWSWIRE) -- (TSX: MPY) Mulvihill Premium Yield Fund (the “Fund”) announces results of operations for the year ended December 31, 2025. Increase in net assets attributable to holders of Class I units amounted to $1.29 million or $1.10 per Class I unit, increase in net assets attributable to holders of Class F units amounted to $1.25 million or $1.13 per Class F unit, increase in net assets attributable to holders of Class A units amounted to $0.40 million or $0.46 per Class A unit, and increase in net assets attributable to holders of ETF units amounted to $0.84 million or $0.55 per ETF unit. As at December 31, 2025, net assets attributable to holders of Class I were $12.67 million or $10.93 per Class I unit; net assets attributable to holders of Class F were $12.62 million or $10.94 per Class F unit, net assets attributable to holders of Class A units were $7.21 million or $10.08 per Class A unit, and net asset attributable to holders of ETF units were $15.32 million or $10.21 per ETF unit. Distributions paid to Class I units, Class F units, Class A units, and ETF units were $0.77 per unit for each Class of units during the year.
TORONTO, March 28, 2026 (GLOBE NEWSWIRE) -- (TSX: PGIC; PGIC.PR.A) (the “Fund”) announces results of operations for the year ended December 31, 2025. Increase in net assets attributable to holders of Class A shares amounted to $3.62 million or $1.32 per Class A share. As at December 31, 2025, net assets attributable to holders of Class A shares were $25.69 million or $6.77 per Class A share. Cash ...
TORONTO, March 28, 2026 (GLOBE NEWSWIRE) -- (TSX: PGIC; PGIC.PR.A) (the “Fund”) announces results of operations for the year ended December 31, 2025. Increase in net assets attributable to holders of Class A shares amounted to $3.62 million or $1.32 per Class A share. As at December 31, 2025, net assets attributable to holders of Class A shares were $25.69 million or $6.77 per Class A share. Cash distributions of $0.75 per Preferred share and $0.96 per Class A share were paid during the year.
PM Images/DigitalVision via Getty Images In late 2025, I stated that Cava Group, Inc. ( CAVA ) was a “ Buy .” I thought this founder-led company was outperforming similar fast casual peers like Chipotle ( CMG ) and Sweetgreens ( SG ) while creating new initiatives that I thought would position the business well in the long run. Since that article, CAVA is up over 25% while the S&P 500 is down near...
PM Images/DigitalVision via Getty Images In late 2025, I stated that Cava Group, Inc. ( CAVA ) was a “ Buy .” I thought this founder-led company was outperforming similar fast casual peers like Chipotle ( CMG ) and Sweetgreens ( SG ) while creating new initiatives that I thought would position the business well in the long run. Since that article, CAVA is up over 25% while the S&P 500 is down nearly 7%. To many, these types of quick corrections may lead investors to again believe this stock is overvalued. I remain bullish on this business and I’m a believer in the long-term prospects of this company. Let’s dive into the most recent quarterly results as I share my perspective on this growth story. Aggressive Expansion Plans CAVA remains on track with their aggressive expansion plans as the company plans to open between 74-76 new locations in fiscal year 2026 with the ultimate goal of getting to 1,000 restaurants by 2032. In 2026, CAVA will look to add stores in many Midwest cities including Cincinnati, Minneapolis, St. Louis, and Columbus. Over seven years (assuming the goal is hit at the end of 2032), CAVA would need to grow their store count by 12.5% annually. In 2025, CAVA opened 72, bringing their total store count to 439, which is nearly a 20% increase. I'd say that's impressive considering many competitors such as Sweetgreen have struggled to increase traffic and deliver a profitable bottom line (which I noted in another article ), meanwhile CAVA has managed increase store count while growing revenue and maintaining positive same-store sales. While 1,000 may sound like a big number when you compare that to the 3,938 restaurants Chipotle has in the United States you can see CAVA has a large amount of white space. To support these expansion plans, management noted a few key initiatives, one of which I mentioned in my prior article was “Flavor Your Feature.” This is the company’s initiative to build out the company’s new generation of leaders. The company recently...
The average one-year price target for Aspen Pharmacare Holdings (JSE:APN) has been revised to R146,20 / share. This is an increase of 21.81% from the prior estimate of R120,02 dated February 21, 2026. The price target is an average of many targets provided by
The average one-year price target for Aspen Pharmacare Holdings (JSE:APN) has been revised to R146,20 / share. This is an increase of 21.81% from the prior estimate of R120,02 dated February 21, 2026. The price target is an average of many targets provided by
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by the Nevada Union Representative TSA Worker Jill DeJanovich, Former US Ambassador to Ukraine William Taylor, International Maritime Organization Secretary General Arsenio Dominguez, Corn & Soybean Far...
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by the Nevada Union Representative TSA Worker Jill DeJanovich, Former US Ambassador to Ukraine William Taylor, International Maritime Organization Secretary General Arsenio Dominguez, Corn & Soybean Farmer John Bartman, Senator Todd Young and Senator Elissa Slotkin and Former Assistant Secretary of State for Political-Military Affairs Under George Bush Brigadier General Mark Kimmitt. (Source: Bloomberg)
Meta, led by CEO Mark Zuckerberg, is continuing to shrink its workforce, like many of its peers in the tech industry. After laying off hundreds of employees earlier this week, a leaked document revealed the tech giant’s bizarre plan for several of its remaining staff as it shifts in a new ...
Meta, led by CEO Mark Zuckerberg, is continuing to shrink its workforce, like many of its peers in the tech industry. After laying off hundreds of employees earlier this week, a leaked document revealed the tech giant’s bizarre plan for several of its remaining staff as it shifts in a new ...
More than 3,000 No Kings events scheduled in cities and towns in third set of protests since Trump re-election What to know about the third No Kings protests happening in March Meanwhile, crowds have begun to gather in Washington DC: Although it’s still early in the day in the United States, Americans living abroad have already been out protesting for hours alongside their neighbors, including in ...
More than 3,000 No Kings events scheduled in cities and towns in third set of protests since Trump re-election What to know about the third No Kings protests happening in March Meanwhile, crowds have begun to gather in Washington DC: Although it’s still early in the day in the United States, Americans living abroad have already been out protesting for hours alongside their neighbors, including in France, Portugal, Germany, Italy and Greece. Continue reading...
Kanizphoto/iStock via Getty Images Wall Street ended the week lower as U.S.-Iran tensions stayed elevated, with officials warning the conflict could drag on, while Treasury yields climbed to multi-month highs. The Iran war has led to volatility in the U.S. government bond yields and interest rate expectations, according to a report by S&P Global Market Intelligence. The U.S. 10-year Treasury yield...
Kanizphoto/iStock via Getty Images Wall Street ended the week lower as U.S.-Iran tensions stayed elevated, with officials warning the conflict could drag on, while Treasury yields climbed to multi-month highs. The Iran war has led to volatility in the U.S. government bond yields and interest rate expectations, according to a report by S&P Global Market Intelligence. The U.S. 10-year Treasury yield (US10Y) closed the week at 4.44%, its highest close since July 17, 2025. "The bar for hikes is quite high, especially now that we're seeing some slowing of growth," Oksana Aronov, head of market strategy for alternative fixed income at JPMorgan Asset Management, told CNBC in an interview. Real estate stocks, generally impacted by the aforementioned two factors, dipped this week. The S&P 500 Real Estate Index Sector ( SP500-60 ) fell 0.73% to 255.19 points, while the accompanying State Street Real Estate Select Sector SPDR ETF ( XLRE ) was down 1.43% to $40.01. The Dow Jones REIT Indx Equity REIT Total Return Index ( REIT:IND ) declined 0.76%, while the FTSE Nareit All Equity REITs index retreated 0.80%. Winners & Losers Among largecap stocks, CoStar Group ( CSGP ) led the weekly losers. The stock retreated 7.30% to close the week at $39.77. CoStar has seen a downtrend since its investor, D. E. Shaw, criticized the real estate services provider over reduced financial transparency resulting from a recent change in reporting structure. Gaming and Leisure Properties ( GLPI ) was the next on the list. The stock fell 4.58% to $43.93 amid a report that g aming wins on the Las Vegas Strip rose 0.9% in February to $696.3M on a year-over-year comparison. Telecom tower REITs Crown Castle ( CCI ) and American Tower ( AMT ) followed, retreating 4.58% and 4.11% to close the week at $78.59 and $169.52, respectively. Wells Fargo lowered its recommendation on CCI stock and reduced the price target, citing concerns over the company's organic growth. The growth lags competitors, making it di...
Yanleth Rivera The oil markets are bracing for further volatility after Yemen’s Houthi rebels claimed responsibility for a missile launch toward Israel early Saturday, marking the Iran-backed militant group’s first involvement in the ongoing Middle East conflict. Crude oil prices have surged globally since U.S. and Israeli attacks on Iran began on Feb. 28, with front-month Nymex crude for May deli...
Yanleth Rivera The oil markets are bracing for further volatility after Yemen’s Houthi rebels claimed responsibility for a missile launch toward Israel early Saturday, marking the Iran-backed militant group’s first involvement in the ongoing Middle East conflict. Crude oil prices have surged globally since U.S. and Israeli attacks on Iran began on Feb. 28, with front-month Nymex crude for May delivery ( CL1:COM ) and front-month Brent crude ( CO1:COM ) climbing more than 48% and 54%, respectively. If Houthis attack commercial vessels as they have done in the past, there could be disruption to global trade through the Bab el-Mandeb Strait, an alternative route for getting crude from Saudi Arabia to Asia amid Iran’s near stranglehold on the Strait of Hormuz. Houthi Brig. Gen. Yahya Saree said on the rebels' Al-Masirah satellite television station that they launched a barrage of ballistic missiles toward what he described as “sensitive Israeli military sites” in southern Israel. Sirens went off around Beer Sheba and near Israel’s main nuclear research center as Iran. The Lebanon-based Hezbollah militants also fired on Israel overnight. If the Houthis increase attacks on commercial shipping, as they have in the past, it would further push up oil prices and destabilize “all of maritime security,” said Ahmed Nagi, a senior Yemen analyst at the International Crisis Group. “The impact would not be limited to the energy market.” Countries have scrambled for alternative routes to the Strait of Hormuz. Bab el-Mandeb, at the southern tip of the Arabian Peninsula, is crucial for vessels heading to the Suez Canal through the Red Sea and Saudi Arabia has been sending millions of barrels of crude oil a day through it because the Strait of Hormuz is effectively closed. About 12% of the world’s trade typically passes through Bab el-Mandeb and about 10% of global maritime trade—including 40% of container ship traffic — passes through the Suez Canal each year. Houthi rebels attacked ov...
Retiring in your mid-50s is tough to pull off, but if you do it, you'll be rewarded with years more free time to pursue your hobbies, travel the world, or spend time with family and friends. You'll need a lot of savings to get there, but it takes more than that. You also need the right strategy to get around the early withdrawal penalty on most retirement accounts. Otherwise, you'll pay the IRS 10...
Retiring in your mid-50s is tough to pull off, but if you do it, you'll be rewarded with years more free time to pursue your hobbies, travel the world, or spend time with family and friends. You'll need a lot of savings to get there, but it takes more than that. You also need the right strategy to get around the early withdrawal penalty on most retirement accounts. Otherwise, you'll pay the IRS 10% of every withdrawal you make under age 59 1/2. Fortunately, there is one type of retirement account that makes it easy to avoid that. Image source: Getty Images. Continue reading
BigBear.ai (NYSE: BBAI) looks like a damaged AI story, but that is exactly what makes this setup so compelling. With a stronger balance sheet, a surging backlog, and real government contracts, the upside could be meaningful if execution finally starts showing up in revenue. Stock prices used were the market prices of March 20, 2026. The video was published on March 26, 2026. Continue reading
BigBear.ai (NYSE: BBAI) looks like a damaged AI story, but that is exactly what makes this setup so compelling. With a stronger balance sheet, a surging backlog, and real government contracts, the upside could be meaningful if execution finally starts showing up in revenue. Stock prices used were the market prices of March 20, 2026. The video was published on March 26, 2026. Continue reading