Lean hog futures were down 7 cents in April, as the rest of the board was 17 to 75 cents higher on Thursday. Open interest was down 2,376 contracts on the day. USDA’s national base hog price was reported at $90.89 on Thursday afternoon, down 76 cents from the day...
Lean hog futures were down 7 cents in April, as the rest of the board was 17 to 75 cents higher on Thursday. Open interest was down 2,376 contracts on the day. USDA’s national base hog price was reported at $90.89 on Thursday afternoon, down 76 cents from the day...
Cotton price action is down 3 to 10 points on Friday morning. Futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data...
Cotton price action is down 3 to 10 points on Friday morning. Futures closed out the Thursday session with contracts 21 to 123 points higher across the board. The US dollar index was $0.296 higher at $99.695. Crude oil was up $3.46 on the day to $93.79. Export Sales data...
Live cattle futures pushed higher late on Thursday, with contracts closing 57 to 95 cents higher. Cash trade has been light with a few $234-235 sales. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,024 head offered, as bids were still $233-235 live and $368 in...
Live cattle futures pushed higher late on Thursday, with contracts closing 57 to 95 cents higher. Cash trade has been light with a few $234-235 sales. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,024 head offered, as bids were still $233-235 live and $368 in...
Wheat is higher so far on Friday AM trade. The wheat complex found some renewed strength on Thursday. Chicago SRW futures were 4 ½ to 7 ¼ cents higher in the front months on the day. Open interest was up 2,130 contracts on Thursday. KC HRW futures saw 4 to...
Wheat is higher so far on Friday AM trade. The wheat complex found some renewed strength on Thursday. Chicago SRW futures were 4 ½ to 7 ¼ cents higher in the front months on the day. Open interest was up 2,130 contracts on Thursday. KC HRW futures saw 4 to...
Corn price action is up 1 to 2 cents so far on Friday morning. Futures closed the Thursday session with bulls giving a late push, as contracts were fractionally to 2 ¼ cents higher. May was the lonely holdout, down ¼ cent. Open interest was up 6,091 contracts across the...
Corn price action is up 1 to 2 cents so far on Friday morning. Futures closed the Thursday session with bulls giving a late push, as contracts were fractionally to 2 ¼ cents higher. May was the lonely holdout, down ¼ cent. Open interest was up 6,091 contracts across the...
Soybean are trading 2 to 4 ½ cents higher on Friday morning. Futures saw gains of 1 ¾ to 5 ½ cent gains in the front months on Thursday. Preliminary open interest was up 6,257 contracts. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $11.00...
Soybean are trading 2 to 4 ½ cents higher on Friday morning. Futures saw gains of 1 ¾ to 5 ½ cent gains in the front months on Thursday. Preliminary open interest was up 6,257 contracts. The cmdtyView national average Cash Bean price was up 2 1/4 cents at $11.00...
Armenian lenders signed a syndicated loan agreement to provide $300 million for the construction of Firebird AI’s data center, High-Tech Industry Minister Mkhitar Hayrapetyan said Friday, calling it the country’s first joint-financing project of that size. Participants include Ardshinbank CJSC , Acba Bank OJSC , Evocabank CJSC , Fast Bank CJSC , C-Quadrat Ampega Asset Management Armenia and Amundi...
Armenian lenders signed a syndicated loan agreement to provide $300 million for the construction of Firebird AI’s data center, High-Tech Industry Minister Mkhitar Hayrapetyan said Friday, calling it the country’s first joint-financing project of that size. Participants include Ardshinbank CJSC , Acba Bank OJSC , Evocabank CJSC , Fast Bank CJSC , C-Quadrat Ampega Asset Management Armenia and Amundi-Acba. Ameriabank CJSC , the Caucasus nation’s largest lender, is contributing a separate $60 million in financing, the bank said in a statement Thursday. The project, developed with Nvidia and Dell Technologies and backed by the Armenian government, aims to build an artificial-intelligence data center in the town of Hrazdan. Total investment in the first phase is estimated to reach about $450 million, according to Firebird. Read More: Armenia Eyes US Investment Boom as Contest for Region Heats Up Hayrapetyan said the deal stems from a 2025 memorandum between the US and Armenia on AI and semiconductors and will benefit the country’s broader science and technology sector. The project is expected to attract more than $4 billion in the coming years.
Richard Drury/DigitalVision via Getty Images Establishing property and casualty, or P&C, insurance business in disaster-prone areas can be strategic for secure demand and revenue streams. However, this comes with a great risk, as hurricanes, floods, wildfires, and snowstorms can lead to massive claims and losses. With that, several key players are working on reducing its risk exposure to improve t...
Richard Drury/DigitalVision via Getty Images Establishing property and casualty, or P&C, insurance business in disaster-prone areas can be strategic for secure demand and revenue streams. However, this comes with a great risk, as hurricanes, floods, wildfires, and snowstorms can lead to massive claims and losses. With that, several key players are working on reducing its risk exposure to improve their profitability and sustainability. This is what I observe in the underwriting strategies of Heritage Insurance Holdings, Inc. ( HRTG ), another Florida-based P&C insurer. I understand its move considering the challenges it has faced in recent years. Fundamentals are more attractive and sound, making it well-positioned against a more volatile market environment. My only concern is that valuation appears fully priced, which may pose downside risks at this level. Technicals adhere to it as momentum starts to wane. Heritage Insurance: How It Has Been Lately The P&C insurance industry in Florida has experienced more peaceful and stable market conditions in the past two quarters. There were several hurricanes during this period. Yet, they were not as destructive and intense as those that have hit the Atlantic coastline in the past three years. That is why businesses like Heritage Insurance Holdings, Inc. benefited from more favorable trends as it incurred much lower claims and losses expenses. This also helped it have stronger pricing while maintaining its disciplined underwriting policies. In Q4 2025, its operating revenue amounted to $215.3M , up by 2.4% YoY from $210.3M. This was also its best performance since Q2 2025 , which served as its comeback from its slowing growth in Q2 and Q3 2025. I think this is quite impressive considering the contraction of its operation capacity. In fact, its gross premiums earned still increased despite the notable reduction of its policies in force. If we divide gross premiums by the total policies, HRTG generated an average amount of $1,0...
Getty Images Google: Caught Up In A Watershed Social Media Landmark Suit Big moves yesterday on the social media space. If you have been watching, I guess you probably know that Meta Platforms ( META ) and Alphabet Inc. aka Google ( GOOGL , GOOG ) both lost a monumental and closely watched landmark suit , as their so-called “algorithm” went on trial. Reports such as “The Ruling That Could Change S...
Getty Images Google: Caught Up In A Watershed Social Media Landmark Suit Big moves yesterday on the social media space. If you have been watching, I guess you probably know that Meta Platforms ( META ) and Alphabet Inc. aka Google ( GOOGL , GOOG ) both lost a monumental and closely watched landmark suit , as their so-called “algorithm” went on trial. Reports such as “The Ruling That Could Change Social Media ” were even floated, as the media went on the offensive to spread the flames that this ruling centering on alleged social media addiction by Google and Meta could unveil a new can of worms that Meta and Google will find it hard to close again, without making significant and potentially disruptive changes to their business model, and possibly crimping profits at a time, as AI has proved to bolster their advertising and engagement engine markedly. Hold on to that thought process for a second. Nevertheless, it hasn't stopped GOOGL from shedding almost 3.5% in yesterday’s (Thursday) widespread selloff, while META declined almost 8%, as investors went into another selling overdrive. But I urge you to consider the facts rationally, notwithstanding the verdict that was delivered, which is obviously adverse in terms of sentiments, but not necessarily bearish when we consider GOOGL’s business model. Why? First, it mainly involves YouTube, and even in that case, while YouTube was also found “negligent,” it was also noted that “Meta bears more responsibility.” And the verdict reflected it, with YouTube ordered to shoulder 30% of the responsibility. Of course, what will matter right now is whether the other pending cases could have further legal ramifications, but please remember that the company intends to appeal. In any case, this legal wrangling is not expected to come to a conclusive end anytime soon, and could very well take several years to resolve. Google: Thankfully, Cloud Is Now Front And Center, Not Really YouTube And I think it's important for us to remember that...
Derick Hudson/iStock Editorial via Getty Images Meta Platforms ( META ) plunged 7% on March 26, 2026. By the afternoon trade that session, the Magnificent Seven member endured its worst single-day loss since late 2025. Now trading more than 30% off its record high from last August, the Communication Services stalwart sports a rather remarkable (in my opinion) price-to-earnings ratio of 16x using o...
Derick Hudson/iStock Editorial via Getty Images Meta Platforms ( META ) plunged 7% on March 26, 2026. By the afternoon trade that session, the Magnificent Seven member endured its worst single-day loss since late 2025. Now trading more than 30% off its record high from last August, the Communication Services stalwart sports a rather remarkable (in my opinion) price-to-earnings ratio of 16x using out-year estimates. Dismal price action and sinking sentiment come as the $1.5 trillion equity market cap company was found liable (in addition to Google’s YouTube) for contributing to youth mental health issues in a landmark ruling. A Los Angeles jury awarded $3 million in damages to the plaintiff (70% assigned to Meta) in a 10-2 decision. According to The Wall Street Journal , "A jury found Instagram’s owner Meta and YouTube negligent for operating a product that harmed kids and teens and failed to warn about those dangers." Meta plans to appeal. The monetary damages themselves are not material, but the decision is. More regulatory oversight of social media platforms is likely, and the order follows Meta's announcement that it would lay off hundreds of employees across several departments as part of a restructuring plan. It remains to be seen whether there will be wholesale changes to social media, but advertisers may think twice going forward. It's a troubling story about today's society, as many users struggle with self-esteem issues. But it’s key for investors to separate emotions from the fundamentals. Indeed, I’m sticking with a buy rating on what’s arguably a value mega-cap tech-related stock. I had a buy rating on Meta back in December . Shares are down 16% since then, underperforming the S&P 500 by about 11 percentage points. Today, I’ll offer a refreshed valuation and an updated look at the technicals. Drawdown Heat Map: META -30% Finviz S&P 500 P/E Heat Map: META a Cheap 16x Finviz META: Down YoY, Lagging Peers & The Market StockCharts.com Back in January, Meta r...
Derick Hudson/iStock Editorial via Getty Images Meta Platforms ( META ) plunged 7% on March 26, 2026. By the afternoon trade that session, the Magnificent Seven member endured its worst single-day loss since late 2025. Now trading more than 30% off its record high from last August, the Communication Services stalwart sports a rather remarkable (in my opinion) price-to-earnings ratio of 16x using o...
Derick Hudson/iStock Editorial via Getty Images Meta Platforms ( META ) plunged 7% on March 26, 2026. By the afternoon trade that session, the Magnificent Seven member endured its worst single-day loss since late 2025. Now trading more than 30% off its record high from last August, the Communication Services stalwart sports a rather remarkable (in my opinion) price-to-earnings ratio of 16x using out-year estimates. Dismal price action and sinking sentiment come as the $1.5 trillion equity market cap company was found liable (in addition to Google’s YouTube) for contributing to youth mental health issues in a landmark ruling. A Los Angeles jury awarded $3 million in damages to the plaintiff (70% assigned to Meta) in a 10-2 decision. According to The Wall Street Journal , "A jury found Instagram’s owner Meta and YouTube negligent for operating a product that harmed kids and teens and failed to warn about those dangers." Meta plans to appeal. The monetary damages themselves are not material, but the decision is. More regulatory oversight of social media platforms is likely, and the order follows Meta's announcement that it would lay off hundreds of employees across several departments as part of a restructuring plan. It remains to be seen whether there will be wholesale changes to social media, but advertisers may think twice going forward. It's a troubling story about today's society, as many users struggle with self-esteem issues. But it’s key for investors to separate emotions from the fundamentals. Indeed, I’m sticking with a buy rating on what’s arguably a value mega-cap tech-related stock. I had a buy rating on Meta back in December . Shares are down 16% since then, underperforming the S&P 500 by about 11 percentage points. Today, I’ll offer a refreshed valuation and an updated look at the technicals. Drawdown Heat Map: META -30% Finviz S&P 500 P/E Heat Map: META a Cheap 16x Finviz META: Down YoY, Lagging Peers & The Market StockCharts.com Back in January, Meta r...
Bet_Noire/iStock via Getty Images Chevron Corporation ( CVX ) has been one of the beneficiaries of the war in Iran as oil prices increased substantially. While the stock price has now exceeded my pre-war target of $197.81 and trades 32% higher, the CEO of Chevron believes that the Iran war is not fully priced in. In this report, I take a closer look at the opportunities and risks for Chevron and u...
Bet_Noire/iStock via Getty Images Chevron Corporation ( CVX ) has been one of the beneficiaries of the war in Iran as oil prices increased substantially. While the stock price has now exceeded my pre-war target of $197.81 and trades 32% higher, the CEO of Chevron believes that the Iran war is not fully priced in. In this report, I take a closer look at the opportunities and risks for Chevron and update my price target. Why Oil Prices May Not Be Fully Valued In my prior report, I noted the following: The only issue right now is that oil price projections are not expected to rise any time soon. However, we do note that the company has been increasing its dividends for 37 years, and so you do get a pretty nice compensation at 4.4% yield to wait for the next cycle of higher oil prices. Since then, obviously, the oil price environment has dramatically changed. What I also noted is that Chevron’s push to lower production costs per barrel and the exposure to the Guyana Stabroek block, which has a low break-even point, could substantially help the company once oil prices head higher, and that has now obviously happened. Chevron’s CEO, Mike Wirth, said the following during an industry conference: There are very real, physical manifestations of the closure of the Strait of Hormuz that are working their way around the world and through the system that I don’t think are fully priced into the futures curves on oil. It is an interesting remark that seems to indicate that oil prices could head even higher. Currently, crude oil has jumped 40% since the pre-war setting. Against the loss of supply of roughly 20% of global oil consumption, the surge in crude oil prices may look overdone. However, for oil, the rule of thumb is that a 1% supply loss could lead to a 3%-5% increase in oil prices. So, a 20% loss linearly would drive a 60%-100% increase in oil prices. That would bring the reasonable range towards $107.20-$134 and $112-$140 for Brent oil. Brent oil traded as high as $113.11,...
Applied Digital (NASDAQ:APLD) reports fiscal third-quarter 2026 results on April 8, 2026, after the close. With a $6.9 billion market cap and a debt pile that keeps growing, this quarter’s call will be as much about financial structure as it is about revenue. A Big Quarter, a Bigger Debt Load Applied Digital’s Q2 FY26 report, ... Can Applied Digital Get Out From Under Its Debt Overhang?
Applied Digital (NASDAQ:APLD) reports fiscal third-quarter 2026 results on April 8, 2026, after the close. With a $6.9 billion market cap and a debt pile that keeps growing, this quarter’s call will be as much about financial structure as it is about revenue. A Big Quarter, a Bigger Debt Load Applied Digital’s Q2 FY26 report, ... Can Applied Digital Get Out From Under Its Debt Overhang?
26-year-old is set to join NWSL side immediately Forward has 16 goals in 29 appearances for USWNT US international forward Catarina Macario has joined the San Diego Wave on a deal worth $8m that runs through the 2030 season. The contract is reportedly the largest by total value in women’s soccer history. The Wave announced the move Friday. Sportico first reported that the Wave were nearing the acq...
26-year-old is set to join NWSL side immediately Forward has 16 goals in 29 appearances for USWNT US international forward Catarina Macario has joined the San Diego Wave on a deal worth $8m that runs through the 2030 season. The contract is reportedly the largest by total value in women’s soccer history. The Wave announced the move Friday. Sportico first reported that the Wave were nearing the acquisition last week. ESPN reported that Macario would join the NWSL side immediately rather than in the summer, on a transfer fee of about $300,000. Continue reading...
Angola will use a fifth of the funds raised in a eurobond sale this week to buy back debt maturing in 2028, with the remainder to be allocated to government spending, Finance Minister Vera Daves de Sousa said. The oil-producing southwest African nation sold $2.5 billion of dollar bonds on March 24, after attracting bids for more than double that amount. The authorities will use $500 million of the...
Angola will use a fifth of the funds raised in a eurobond sale this week to buy back debt maturing in 2028, with the remainder to be allocated to government spending, Finance Minister Vera Daves de Sousa said. The oil-producing southwest African nation sold $2.5 billion of dollar bonds on March 24, after attracting bids for more than double that amount. The authorities will use $500 million of the total to repurchase a portion of Angola’s $1.75 billion of 8.25% notes due in 2028. “We decided to move on with $500 million to buy back a eurobond that was about to mature in 2028,” Daves de Sousa said in an interview with Bloomberg Television on Friday. “The other portion will be for the budget.” Angola is Africa’s third-largest crude producer, after Nigeria and Libya, with plans to keep crude output above 1 million barrels a day through 2027. The country stands to benefit from the more than 50% increase in oil prices spawned by the US-Israel war on Iran. The rise in crude prices played only a limited role in the timing of this week’s debt sale, Daves de Sousa said. “Our fundamentals are strong. We are consistently doing our best to diversify our economy, keep fiscal discipline, improve our fiscal revenue to attract more foreign direct investment,” she said. “So all of this together, I think, is what’s building trust with international markets.” Additional Financing Daves de Sousa, who became Angola’s first female finance minister in 2019, said her country will continue to explore “all opportunities” to raise additional financing, with a focus on improving its debt profile and securing funding at the lowest possible cost. “We are open to discuss with international partners, commercial banks and international markets,” said Daves de Sousa, adding that Angola is also looking into funding through multilateral and bilateral partners, without giving details. The additional funding comes at a crucial time for Angola, where poverty remains widespread and a general election is s...
Allan Leighton’s comments come as squeeze on supplies drives average UK petrol price above 150p a litre Business live – latest updates The boss of Asda has warned of “temporary shortages’” at petrol pumps as supplies are squeezed by the conflict in the Middle East , which has driven up average UK petrol prices to above 150p a litre. Allan Leighton, the executive chair of the supermarket chain, whi...
Allan Leighton’s comments come as squeeze on supplies drives average UK petrol price above 150p a litre Business live – latest updates The boss of Asda has warned of “temporary shortages’” at petrol pumps as supplies are squeezed by the conflict in the Middle East , which has driven up average UK petrol prices to above 150p a litre. Allan Leighton, the executive chair of the supermarket chain, which is the UK’s second largest fuel retailer, said it had been experiencing high demand from drivers as fuel prices have jumped about over the past four weeks since the war started. Continue reading...
The actor will join us to talk about his busy career on both sides of the camera on films from Love & Mercy to There Will Be Blood. But will we hear from Quentin Tarantino? Roll up, roll up: who will be the first to ask Paul Dano what he makes of Quentin Tarantino’s acting abilities, after the director’s bananas tirade against Dano (plus Owen Wilson and Matthew Lillard) on a podcast last year. Tar...
The actor will join us to talk about his busy career on both sides of the camera on films from Love & Mercy to There Will Be Blood. But will we hear from Quentin Tarantino? Roll up, roll up: who will be the first to ask Paul Dano what he makes of Quentin Tarantino’s acting abilities, after the director’s bananas tirade against Dano (plus Owen Wilson and Matthew Lillard) on a podcast last year. Tarantino called Dano “weak sauce”, especially for his role opposite Daniel Day-Lewis in There Will Be Blood, leading to a pile-on of outraged praise for the actor from the likes of George Clooney , Toni Collette, Ben Stiller, Day-Lewis himself – and multiple articles in this paper. We also feel he’s superb as Brian Wilson in Love & Mercy; chilling in 12 Years a Slave; and unforgettable in Prisoners – particularly the scene where Hugh Jackman keeps him alive inside a wall. Continue reading...
In this article SONY Follow your favorite stocks CREATE FREE ACCOUNT The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Friday said it will raise prices on its range of flagship PlayStation 5 consoles for the second time in less than a year, citing "pressures in the global economic landscape." In the U.S, the PS5 disc edition will jump ...
In this article SONY Follow your favorite stocks CREATE FREE ACCOUNT The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Friday said it will raise prices on its range of flagship PlayStation 5 consoles for the second time in less than a year, citing "pressures in the global economic landscape." In the U.S, the PS5 disc edition will jump from $549.99 to $649.99, a $100 increase from the last time Sony hiked prices of the console last year . The digital edition of the device will also rise $100 to $599.99. The PS5 Pro, Sony's most powerful version of the console, gets a $150 hike to $899.99. The price rises take effect on April 2. "We know that price changes impact our community, and after careful evaluation, we found this was a necessary step to ensure we can continue delivering innovative, high-quality gaming experiences to players worldwide," Sony said in a blog post. When Sony raised prices globally last year, it was against the backdrop of continually high inflation and uncertainty caused by U.S. tariffs. The company is now contending with an unprecedented surge in memory prices . Memory is a key component of the PS5 and prices have jumped significantly as memory makers direct their stock to huge demand from AI data centers and supply remains tight. Sony also raised prices of the console in Japan, the U.K. and Europe. In the U.K., each PS5 model will increase by £90 (around $120). 'Inevitable' price hikes? Piers Harding-Rolls, research director of games at Ampere Analysis, told CNBC that price rises were inevitable due to the increase in memory prices. "It is likely that Sony had price protections for its components for a set period and this may well have come to an end," Harding-Rolls said. "With no sign of prices easing ... Sony will have made the move to protect its slim hardware margins. It wouldn't be a surprise if Microsoft and Nintendo followed suit in the not-too-distant future." So far, Nintend...
iShares Core MSCI EAFE ETF (NYSEMKT:IEFA) and iShares MSCI Emerging Markets ETF (NYSEMKT:EEM) differ sharply in cost, yield, sector exposure, and recent returns, reflecting their distinct focuses on developed versus emerging markets. IEFA targets developed markets outside the United States and Canada, providing broad diversification across Europe, Asia, and Australia. EEM, in contrast, invests in ...
iShares Core MSCI EAFE ETF (NYSEMKT:IEFA) and iShares MSCI Emerging Markets ETF (NYSEMKT:EEM) differ sharply in cost, yield, sector exposure, and recent returns, reflecting their distinct focuses on developed versus emerging markets. IEFA targets developed markets outside the United States and Canada, providing broad diversification across Europe, Asia, and Australia. EEM, in contrast, invests in large- and mid-cap companies from emerging markets, particularly in Asia and Latin America. This comparison explores how these two global equity ETFs stack up on cost, performance, risk, and portfolio makeup. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Continue reading
Store-level EBITDA was RMB1,001.0 million, representing an increase of 20.4% from RMB831.4 million in FY2024. Store-level EBITDA margin was 18.6%, compared to 19.3% in FY2024. Store-level operating profit was RMB739.7 million, representing an increase of 18.5% from RMB624.0 million in FY2024. Store-level operating profit margin was 13.7%, compared to 14.5% for FY2024. Adjusted EBITDA was RMB634.6 ...
Store-level EBITDA was RMB1,001.0 million, representing an increase of 20.4% from RMB831.4 million in FY2024. Store-level EBITDA margin was 18.6%, compared to 19.3% in FY2024. Store-level operating profit was RMB739.7 million, representing an increase of 18.5% from RMB624.0 million in FY2024. Store-level operating profit margin was 13.7%, compared to 14.5% for FY2024. Adjusted EBITDA was RMB634.6 million, representing an increase of 28.2% from RMB495.2 million in FY2024. Adjusted EBITDA margin was 11.8%, compared to 11.5% for FY2024. Adjusted Net profit was RMB187.9 million, representing an increase of 43.3% from RMB131.2 million in FY2024. Adjusted Net Profit margin was 3.5%, compared to 3.0% for FY2024. As of December 31, 2025, the Group held RMB1,001.5 million in cash and bank balances , as compared to RMB1,069.3 million as of December 31, 2024. Total loyalty program membership was 35.6 million, representing an increase of 45.3% from 24.5 million in FY2024. DPC Dash press release ( DPCDF ): FY Revenue of RMB5.38B. Click to enlarge More on DPC Dash DPC Dash Ltd (DPCDF) Q4 2025 Earnings Call Transcript DPC Dash Ltd 2025 Q4 - Results - Earnings Call Presentation Historical earnings data for DPC Dash Financial information for DPC Dash
Software firm Visma AS will delay its plans for an initial public offering to next year, according to people familiar with the matter. The Hg-backed company, which was originally expected to list early in 2026, had previously delayed its listing plans to October amid a selldown in technology stocks triggered by AI-related concerns, the people said, asking not to be identified as the information is...
Software firm Visma AS will delay its plans for an initial public offering to next year, according to people familiar with the matter. The Hg-backed company, which was originally expected to list early in 2026, had previously delayed its listing plans to October amid a selldown in technology stocks triggered by AI-related concerns, the people said, asking not to be identified as the information is private. Visma is now unlikely to go ahead with the listing this year, the people said. Bloomberg News reported in January that Visma, which had provisionally selected London as a listing venue, was delaying its IPO amid a broader market selloff. Representatives for Hg and Visma declined to comment. Visma’s IPO was set to be among the largest deals of its type in Europe this year, and lead a comeback for London’s IPO market, which has seen a prolonged shortage of new offerings. Visma could consider allowing shareholders to sell down their holdings in a secondary share sale, the people said. Sky News first reported the news of the delay to Visma’s plans.
Iran War Triggers Jump In Americans' Inflation Expectations, Slump In Sentiment While the preliminary UMich survey was undertaken between February 17 and March 9, with about half completed after the start of the US military conflict in Iran, today's final print includes the full month with all the conflict's escalations (and de-escalations). Expectations were for the headline sentiment index to tu...
Iran War Triggers Jump In Americans' Inflation Expectations, Slump In Sentiment While the preliminary UMich survey was undertaken between February 17 and March 9, with about half completed after the start of the US military conflict in Iran, today's final print includes the full month with all the conflict's escalations (and de-escalations). Expectations were for the headline sentiment index to tumble with expectations projected to fall most and consensus was right with the expectations tumbling from 54.1 to 51.7 and current conditions down from 57.8 to 55.8 (worse than expected). Put together, the headline sentiment index fall from 55.5 to 53.3 (worse than expected) - the lowest reading of the year... Source: Bloomberg Declines were seen across age and political party. Consumers with middle and higher incomes and stock wealth, buffeted by both escalating gas prices and volatile financial markets in the wake of the Iran conflict, exhibited particularly large drops in sentiment. Overall, the short-run economic outlook plunged 14%, and year-ahead expected personal finances sank 10%, while declines in long-run expectations were more subdued. As UMich Survey Director Joanna Hsu notes: "These patterns suggest that, at this time, consumers may not expect recent negative developments to persist far into the future." Interviews for this release were collected between February 17 and March 23, with about two-thirds completed after the start of the US military conflict in Iran. Year-ahead inflation expectations climbed from 3.4% in February to 3.8% this month, the largest one-month increase since April 2025. Long-run inflation expectations inched down to 3.2% . Note that for both time horizons, interviews completed after February 28th exhibited higher inflation expectations than those completed before that date... Only 28% of consumers expect interest rates to fall in the year ahead, down from 35% last month and nearly half of consumers 6 months ago. Expectations for other el...