Image source: The Motley Fool. Tuesday, August 5, 2025 at 10 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Steven Roth President and Chief Financial Officer — Michael J. Franco Executive Vice President of Office Leasing & Co-Head of Real Estate — Glen J. Weiss Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Stock Performance -- Shares rose 42% over the...
Image source: The Motley Fool. Tuesday, August 5, 2025 at 10 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Steven Roth President and Chief Financial Officer — Michael J. Franco Executive Vice President of Office Leasing & Co-Head of Real Estate — Glen J. Weiss Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Stock Performance -- Shares rose 42% over the trailing 12 months, nearly double the S&P 500 return, outpacing all other office REITs cited by management. -- Shares rose 42% over the trailing 12 months, nearly double the S&P 500 return, outpacing all other office REITs cited by management. Geographic Concentration -- The company is 90% focused on Prime Pitch Manhattan, with single major properties in Chicago and San Francisco possibly for sale "for the right deal at the right time." -- The company is 90% focused on Prime Pitch Manhattan, with single major properties in Chicago and San Francisco possibly for sale "for the right deal at the right time." First Half Leasing -- 2.7 million square feet leased, including 2.2 million square feet in Manhattan office; the figure includes a 1.1 million square foot master lease with NYU at 770 Broadway, the largest New York office transaction since 2019. -- 2.7 million square feet leased, including 2.2 million square feet in Manhattan office; the figure includes a 1.1 million square foot master lease with NYU at 770 Broadway, the largest New York office transaction since 2019. Average Starting Rents -- Non-NYU Manhattan office leasing averaged $97 per square foot for the first half, with GAAP mark-to-markets of +10.7% and cash mark-to-markets of +7.7%. -- Non-NYU Manhattan office leasing averaged $97 per square foot for the first half, with GAAP mark-to-markets of +10.7% and cash mark-to-markets of +7.7%. Q2 Manhattan Office Leasing -- 1.5 million square feet leased in Manhattan during the quarter, including NYU; excluding NYU, 400,000 square feet leased at $101 per square foot st...
貝森特：不希望與中國脫鈎 但要降低風險 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國財長貝森特重申不希望與中國脫鈎，但要降低風險。 貝森特：「美中關係正處於非常舒適狀態，我們將成為競爭對手，但期望是公平競爭...
貝森特：不希望與中國脫鈎 但要降低風險 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】美國財長貝森特重申不希望與中國脫鈎，但要降低風險。 貝森特：「美中關係正處於非常舒適狀態，我們將成為競爭對手，但期望是公平競爭，我們不希望與中國脫鈎，但亦需降低風險。」 貝森特在巴西聖保羅出席會議，稱歡迎北京成為競爭對手，華府正致力在關鍵礦產、半導體及醫藥等戰略產業，由中國手上奪回主權。貝森特未來數周內將與副總理何立峰會晤，為總統特朗普四月訪華準備，美方未公布會面詳情。
Image source: The Motley Fool. Aug. 6, 2025 at 8:00 a.m. ET CALL PARTICIPANTS President & Chief Executive Officer — Robert G. Painter Chief Financial Officer — Phillip Sawarynski TAKEAWAYS Revenue -- $876 million, up 9% organically, with all three segments outperforming internal outlook. -- $876 million, up 9% organically, with all three segments outperforming internal outlook. Annualized Recurrin...
Image source: The Motley Fool. Aug. 6, 2025 at 8:00 a.m. ET CALL PARTICIPANTS President & Chief Executive Officer — Robert G. Painter Chief Financial Officer — Phillip Sawarynski TAKEAWAYS Revenue -- $876 million, up 9% organically, with all three segments outperforming internal outlook. -- $876 million, up 9% organically, with all three segments outperforming internal outlook. Annualized Recurring Revenue (ARR) -- $2.21 billion, up 14% organically, representing 63% of total revenue. -- $2.21 billion, up 14% organically, representing 63% of total revenue. Non-GAAP EPS -- $0.71, up 15% year over year, exceeding original guidance by $0.09. -- $0.71, up 15% year over year, exceeding original guidance by $0.09. Software and Services Revenue Mix -- Accounted for 79% of total revenue. -- Accounted for 79% of total revenue. Gross Margin -- Expanded by 210 basis points to 70.6% on continued business model progression. -- Expanded by 210 basis points to 70.6% on continued business model progression. EBITDA Margin -- 27.4%, marking a 170 basis point increase from the prior year. -- 27.4%, marking a 170 basis point increase from the prior year. Free Cash Flow -- $90 million year-to-date, after a $277 million agriculture divestiture tax payment. -- $90 million year-to-date, after a $277 million agriculture divestiture tax payment. Leverage Ratio -- 1.4x, well below the long-term target of 2.5x. -- 1.4x, well below the long-term target of 2.5x. AECO Segment Performance -- $1.36 billion ARR and $350 million revenue, both up 16%; operating income reached 30.4%, a 400 basis point improvement. -- $1.36 billion ARR and $350 million revenue, both up 16%; operating income reached 30.4%, a 400 basis point improvement. Field Systems Segment Performance -- $393 million revenue, up 3% despite a 200 basis point model conversion headwind; ARR up 17% to $358 million; operating income 30.8%, a 190 basis point gain. -- $393 million revenue, up 3% despite a 200 basis point model conversion headw...
Tuesday’s flat reading on December retail sales was translating into concerns that U.S. growth may not be as strong as previously presumed — resulting in what will likely be a lower path for both interest rates and inflation this year.
Tuesday’s flat reading on December retail sales was translating into concerns that U.S. growth may not be as strong as previously presumed — resulting in what will likely be a lower path for both interest rates and inflation this year.
is a senior reporter who’s been covering and reviewing the latest gadgets and tech since 2006, but has loved all things electronic since he was a kid. Posts from this author will be added to your daily email digest and your homepage feed. Nostalgia’s getting expensive. When Razer announced last December it would be relaunching the world’s first gaming mouse with a few modern upgrades, it didn’t re...
is a senior reporter who’s been covering and reviewing the latest gadgets and tech since 2006, but has loved all things electronic since he was a kid. Posts from this author will be added to your daily email digest and your homepage feed. Nostalgia’s getting expensive. When Razer announced last December it would be relaunching the world’s first gaming mouse with a few modern upgrades, it didn’t reveal how much the Razer Boomslang 20th Anniversary Edition would cost or when it would be released. The company will officially open preorders for the mouse on February 10th at 8AM PT for those in the US. In Europe, preorders will start on February 11th at 8AM CET, while in Asia it will be February 11th at 8AM SGT. The production run is still being limited to just 1,337 units in total, but with a matching $1,337 price tag, they might not fly off shelves. The original version of the mouse, called the Kärna Razer Boomslang, launched before gaming-specific peripherals were even a thing. It distinguished itself from other mice on the market at the time with an upgraded encoding wheel that offered more accurate mouse tracking, giving gamers a potential competitive advantage. The 20th Anniversary Edition of the Razer Boomslang replaces those mechanical components with a 45,000 DPI optical sensor. The original mouse’s symmetrical ambidextrous design has been carried forward, but the new Boomslang is now wireless with an 8,000Hz polling rate and comes with a Razer Mouse Dock Pro wireless charging stand. You’ll also find 9-zone customizable RGB lighting on the underside of the new Boomslang that can be synced to over 300 games; a feature the Razer brand has become known for. Razer is also including an LED display frame featuring a deconstructed look at the mouse’s internals. Image: Razer A quarter century ago the Kärna Razer Boomslang was priced at $69.99 to $99.99, according to Eurogamer. The new version’s $1,337 price far outpaces inflation, but Razer is sweetening the pot by incl...
紅磡燒臘店凌晨疑電線短路起火 50人疏散 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】紅磡有燒臘店起火，無人受傷。 濃煙不斷從店內冒出，飄向附近大廈。凌晨兩時許，庇利街地下一間燒臘店冒煙起火，消防用工具破開鐵閘...
紅磡燒臘店凌晨疑電線短路起火 50人疏散 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】紅磡有燒臘店起火，無人受傷。 濃煙不斷從店內冒出，飄向附近大廈。凌晨兩時許，庇利街地下一間燒臘店冒煙起火，消防用工具破開鐵閘進入店舖開喉灌救，迅速將火勢救熄。五十多名住客疏散至街上，消防初步調查，懷疑電線短路起火。
tupungato/iStock Editorial via Getty Images I've still rated KT Corporation ( KT ) as 'Hold.' KT's telecom division may continue to underperform, considering the negative read-across from its below-consensus 4Q2025 “Operating Profit/OP.” On the other hand, I am optimistic about the outlook for its non-telecom businesses and capital return. Quarterly Results Were A Disappointment My previous Novemb...
tupungato/iStock Editorial via Getty Images I've still rated KT Corporation ( KT ) as 'Hold.' KT's telecom division may continue to underperform, considering the negative read-across from its below-consensus 4Q2025 “Operating Profit/OP.” On the other hand, I am optimistic about the outlook for its non-telecom businesses and capital return. Quarterly Results Were A Disappointment My previous November 17, 2025 article predicted that “USIM card reissuance costs relating to a recent cybersecurity incident” will weigh on “4Q25 earnings.” I was proven right. KT's latest financials were released on Tuesday, Feb 10. Its Oct-Dec '25 OP of ₩227B missed the sell-side's projection by 3% based on S&P Capital IQ data. The firm also witnessed a 58% sequential drop in operating income for the recent three-month period. A year-on-year comparison isn't appropriate, as it was loss-making in 4Q24. The Cyberattack Fallout Investor Slides KT didn't specify how the security intrusion affected its Q4 numbers. But I infer from the comprehensive “appreciation package” that the company incurred substantial costs to compensate its clients. This explains why the quarterly OP didn't meet expectations. Looking ahead, its core telecommunications business might still be under pressure. At the analyst briefing , KT noted it will discuss with its “auditor” to determine the “accounting treatment” for “additional incurrence of (cyberattack-related) costs come 2026.” The group disclosed during the 4Q call that it lost 230k customers in the first two weeks of Jan. '26. This was the remediation period when termination charges were exempted. KT also intends to spend more money on cyber-related matters as outlined below. This could involve expanding headcount and investing in AI-related technologies. Plans To Strengthen Cyber-Protection Corporate Presentation My take is that the enterprise's future profitability is at risk because of ongoing security-related outlays. But You Shouldn't Ignore Bright Spots In...
Image source: The Motley Fool. Tuesday, Feb. 10, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Michael Collins Group Chief Financial Officer — Michael Schrum Group Chief Risk Officer — Bri Hidalgo General Counsel and Corporate Secretary — Noah Fields Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Core Net Income Per Share -- Increased 17.4%...
Image source: The Motley Fool. Tuesday, Feb. 10, 2026 at 10 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Michael Collins Group Chief Financial Officer — Michael Schrum Group Chief Risk Officer — Bri Hidalgo General Counsel and Corporate Secretary — Noah Fields Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Core Net Income Per Share -- Increased 17.4% year over year to $5.60, highlighting improved profitability. -- Increased 17.4% year over year to $5.60, highlighting improved profitability. 2025 Net Income -- Reported at $231.9 million; core net income reached $237.5 million. -- Reported at $231.9 million; core net income reached $237.5 million. Core Return on Average Tangible Common Equity -- Reached 24.2% for the year and 24.6% in the fourth quarter. -- Reached 24.2% for the year and 24.6% in the fourth quarter. Net Interest Margin -- Rose 5 basis points year over year to 2.69%, but decreased 4 basis points sequentially from Q3 (2.73%) to Q4 (2.69%). -- Rose 5 basis points year over year to 2.69%, but decreased 4 basis points sequentially from Q3 (2.73%) to Q4 (2.69%). Average Cost of Deposits -- Fell to 150 basis points in 2025 from 183 basis points in 2024; declined by 10 basis points to 137 basis points in Q4 quarter over quarter. -- Fell to 150 basis points in 2025 from 183 basis points in 2024; declined by 10 basis points to 137 basis points in Q4 quarter over quarter. Tangible Book Value Per Share -- Increased 21.7% in 2025, ending at $26.41; up 5.4% sequentially in Q4 due to improved unrealized losses. -- Increased 21.7% in 2025, ending at $26.41; up 5.4% sequentially in Q4 due to improved unrealized losses. Share Repurchases -- Repurchased 3.5 million shares for $146.7 million in 2025, including 600,000 shares for $29.6 million in Q4. -- Repurchased 3.5 million shares for $146.7 million in 2025, including 600,000 shares for $29.6 million in Q4. 2026 Share Repurchase Authorization -- New program approved for u...
As one of the longest-running battles in British heritage comes to an end, the listing of the London arts complex vindicates the audacity of this sensational droogs’ paradise Britain’s battle of brutalism has finally reached an exhausted conclusion with the listing of London’s Southbank Centre . The so-called “concrete monstrosities” of the Hayward Gallery, Purcell Room, Queen Elizabeth Hall and i...
As one of the longest-running battles in British heritage comes to an end, the listing of the London arts complex vindicates the audacity of this sensational droogs’ paradise Britain’s battle of brutalism has finally reached an exhausted conclusion with the listing of London’s Southbank Centre . The so-called “concrete monstrosities” of the Hayward Gallery, Purcell Room, Queen Elizabeth Hall and its skatepark undercroft have finally been Grade II-listed by the Department for Culture, Media and Sport. Traditionalists may be spitting feathers, but as football pundits are apt to assert: “It was the right result.” However, it turned out to be a very long and very tetchy game. Constructed between 1949 and 1968 in an uncompromisingly brutalist style, the Southbank Centre was once voted Britain’s ugliest building. Since 1991, the Twentieth Century Society (C20), champions of all things modern, and Historic England had recommended listing on six separate occasions, yet their advice was rejected by successive secretaries of state. Until now. The decision brings to an end an unprecedented 35-year-long impasse, one of the longest-running battles in British architectural heritage. Continue reading...
designer491 Personalis ( PSNL ) added ~10% on Tuesday after the company announced that it received Medicare coverage for its NeXT Personal cancer recurrence test when used in certain cases of lung cancer. A molecular residual disease (MRD) test, NeXT Personal, is designed to detect traces of circulating tumor DNA (ctDNA) and indicate the presence or absence of a tumor, often before standard imagin...
designer491 Personalis ( PSNL ) added ~10% on Tuesday after the company announced that it received Medicare coverage for its NeXT Personal cancer recurrence test when used in certain cases of lung cancer. A molecular residual disease (MRD) test, NeXT Personal, is designed to detect traces of circulating tumor DNA (ctDNA) and indicate the presence or absence of a tumor, often before standard imaging techniques. With the Medicare coverage, the company will be reimbursed when NeXT Personal is used for tumor surveillance in patients with Stage I to III non-small cell lung cancer (NSCLC). The decision "broadens patient access to NeXT Personal for one of the most common cancers in the US, and it is a catalyst for our continuing growth," said Personalis ( PSNL ) CEO Chris Hall in a statement on Tuesday. More on Personalis Personalis: A Growth Inflection Is Imminent, Hold Personalis expects FY 2025 revenue between $69M and $70M Seeking Alpha’s Quant Rating on Personalis Historical earnings data for Personalis Financial information for Personalis
Microsoft sign at the headquarters by VDB Photos via Shutterstock Artificial intelligence (AI) titan Microsoft (MSFT) has taken a rare and painful hit. After years of near-constant leadership, Microsoft is down roughly 12% in a single month, sliding from highs above $555 to Friday’s close near $401. That kind of drawdown in a mega-cap name immediately raises the question investors are now asking: ...
Microsoft sign at the headquarters by VDB Photos via Shutterstock Artificial intelligence (AI) titan Microsoft (MSFT) has taken a rare and painful hit. After years of near-constant leadership, Microsoft is down roughly 12% in a single month, sliding from highs above $555 to Friday’s close near $401. That kind of drawdown in a mega-cap name immediately raises the question investors are now asking: Is this finally a buying opportunity — or is the market signaling deeper weakness? In this video clip from Friday’s Market on Close , Senior Market Strategist John Rowland, CMT, explains the move through one critical lens: tradable vs. investable. Why Microsoft Sold Off Despite Beating Earnings On the surface, Microsoft’s latest earnings were strong. The company delivered a clear double beat, reporting earnings per share above expectations. Normally, that’s enough to stabilize a stock — but this time, the market reacted very differently. The issue wasn’t revenue. It was spending. Microsoft disclosed $37.5 billion in quarterly capital expenditures, driven by aggressive AI infrastructure build-outs. While strategically sound long-term, the scale of that spending raised concerns about near-term margin pressure, particularly within Azure. Those concerns were reinforced when Stifel downgraded Microsoft to “Hold,” citing: Azure supply constraints Intensifying competition Rising capital intensity tied to AI The resulting selloff in the stock wasn’t a judgment on Microsoft’s business, but it was an efficient repricing of risk. The Technical Damage is Real From a chart perspective, the correction has been decisive – and overdone, leaving MSFT positioned for a snapback. In fact, the stock is up 5% so far this week. While the shares have bounced sharply from their deeply oversold status and snapped back inside their lower Bollinger Band since the time of filming, Microsoft is still: Trading below its 200-day moving average Sitting inside a long-standing earnings gap from early 2025 Jo...
aprott/iStock via Getty Images Thesis The VanEck Rare Earth and Strategic Metals ETF ( REMX ) has enjoyed very strong growth over the past several months, which should come as little surprise given the importance of rare earths for the global economy, as well as geopolitical tailwinds provided by American government investments and a global push to reduce China’s stranglehold on the industry. That...
aprott/iStock via Getty Images Thesis The VanEck Rare Earth and Strategic Metals ETF ( REMX ) has enjoyed very strong growth over the past several months, which should come as little surprise given the importance of rare earths for the global economy, as well as geopolitical tailwinds provided by American government investments and a global push to reduce China’s stranglehold on the industry. That said, the rare earths global market is surprisingly small, totaling just $4 billion in 2025, and some developments could cool geopolitical tailwinds in the long run. With these concerns in mind, I am downgrading REMX to a hold rating. Small Market, Big Market Caps One of the more interesting things I discovered when I first started looking into rare earths is just how small the actual market is. Given how much attention rare earths get and how crucial they are to so many technologies, I assumed the global market would be in the $50 billion range or more. In fact, in 2025, even with rare earth prices generally trending up, the global market was worth only a touch more than $4 billion. Demand for rare earths is set to grow, quite likely rapidly, but even so, it’s projected to reach just $10 billion by 2034 (ibid.). From a simple market perspective, rare earths can be rather difficult to navigate for companies and policymakers. In terms of cold, hard cash, rare earths really aren’t valuable enough to justify massive investments. Who wants to spend millions, hundreds of millions, or billions to chase a market that’s worth only $4 billion, or $10 billion for that matter? MP Materials, with a market cap of $10.8 billion, is the largest rare earths company in the Western Hemisphere, and yet it pulls in only $232.7 million (TTM) in revenue, according to Seeking Alpha’s data. Lynas is another one of the largest rare earths companies outside of China, with operations in Australia and Malaysia, but it generated just $366 million in revenue and has a market cap of over $10 billion. Of...
is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI. Posts from this author will be added to your daily email digest and your homepage feed. Telegram users in Russia may begin noticing service disruptions on Tuesday after Russia’s communications regulator, Roskomnadzor, reportedly moved to slow down and restrict ...
is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and reviews on hardware, gaming, and AI. Posts from this author will be added to your daily email digest and your homepage feed. Telegram users in Russia may begin noticing service disruptions on Tuesday after Russia’s communications regulator, Roskomnadzor, reportedly moved to slow down and restrict access to the app, as reported by Russian news outlet RBC. Roskomnadzor said in a statement to RBC, translated using machine translation, that it “will continue to introduce successive restrictions” on Telegram, claiming the app is not taking adequate steps to prevent fraud and criminal activity. Reuters quotes Telegram users in Moscow who confirmed that they’ve been experiencing issues with the app, including a woman named Anna, who said, “It’s very bad because all my friends and family use Telegram. I don’t know how I’m going to communicate with them because I don’t want to move to other platforms.” In August, Roskomnadzor began “partially” blocking calls in Telegram and WhatsApp, claiming both are used for extortion and “terrorist activities.” Around the same time, Russia also ordered phone and tablet manufacturers to pre-install its state-backed Max messaging app on new devices sold in the region. Telegram’s Russian-born founder and CEO, Pavel Durov, has not publicly commented on the issues, but his most recent tweet on February 8th took aim at leaders of several European nations. “Officials with the lowest approval ratings in the world (Macron, Starmer, Merz, Sanchez) are the loudest champions of social media bans for teens and ‘misinformation’ crackdowns,” wrote Durov, who was arrested in France in 2024 over the platform’s lack of moderation.
Welcome to The Brink . We’re Edward Clark and Paul Burkhardt , reporters in London and Cape Town, following the troubles of the weakest oil companies. We also have news on Ukraine’s Metinvest, the latest legal challenge to Lars Windhorst and Eddie Bauer’s third bankruptcy. Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net . Breaking Point Volatile oil prices are r...
Welcome to The Brink . We’re Edward Clark and Paul Burkhardt , reporters in London and Cape Town, following the troubles of the weakest oil companies. We also have news on Ukraine’s Metinvest, the latest legal challenge to Lars Windhorst and Eddie Bauer’s third bankruptcy. Follow this link to subscribe . Send us feedback and tips at debtnews@bloomberg.net . Breaking Point Volatile oil prices are ravaging the energy industry’s weakest and smallest producers, leaving them to face looming bond maturities with depleted cash. Oil prices that have averaged $67 a barrel over the past year are pushing some firms against their break-even points, where business models are no longer viable. Those straining under high production costs or low output are asking creditors to give them a break on their debt — with mixed success. It’s a stark contrast to the landscape of 2022, when oil climbed above $120 and even speculative-grade drillers were able to load up on cheap debt. “Lower oil prices have had an impact on cash flows and raised concerns, but also regular tumbles at production levels have put pressure on costs,” said Egor Fedorov , a senior credit analyst at ING . Take Gran Tierra Energy . The Calgary-based driller, which operates in Colombia, has asked holders of $716 million of securities due in 2029 to swap them into new notes maturing two years later. Early-bird participants were offered a cash payment. The exchange wasn’t enough to entice investors. Gran Tierra’s latest offer includes sweetened terms and higher interest. “With the bulk of its production in Colombia, smaller, mature fields and more vulnerable to lower oil prices, it does seem particularly exposed at the moment with an onerous maturity schedule,” said Dilawer Farazi , co-head and portfolio manager in Loomis Sayles ’s emerging markets debt team. The urgency for Gran Tierra centers around the amortizing structure of its 2029 issue, where principal is paid through the lifetime of the bond, rather than in one ...
The EU has moved closer to creating offshore centres for migrants and asylum seekers, after centre-right and far-right MEPs united for tougher migration policies. MEPs voted for legal changes that will give authorities more options to deport asylum seekers, including sending people to countries they have never been to. Under the new rules, expected to apply from June, a person seeking asylum can b...
The EU has moved closer to creating offshore centres for migrants and asylum seekers, after centre-right and far-right MEPs united for tougher migration policies. MEPs voted for legal changes that will give authorities more options to deport asylum seekers, including sending people to countries they have never been to. Under the new rules, expected to apply from June, a person seeking asylum can be deported to a country outside the EU, even if they have only passed through it, or to a place to which they have no link, as long as a European government has signed an agreement with the receiving state. The vote effectively underwrites Italy’s deal with Albania and the Dutch government’s agreement with Uganda on the deportation of people whose asylum claims in the Netherlands have been turned down. In a separate vote, MEPs also voted to create an EU list of “safe third countries”, meaning that people from those places will face fast-tracked procedures and may find it harder to claim asylum. The list includes all EU candidate countries, including Georgia and Turkey, where the EU has expressed concerns about government crackdowns on the opposition in 2025. The safe list also includes Bangladesh, Colombia, Egypt, India, Kosovo, Morocco and Tunisia. Rights groups have raised the alarm about the inclusion of Tunisia, where President Kaïs Saïed has cracked down on civil society and opposition figures have been jailed for up to 66 years by politically controlled courts. Tunisian forces have also forced back migrants to remote desert regions, where some have died of thirst. A coalition of 39 NGOs said in a statement before Tuesday’s vote that designating Tunisia as a safe country of origin deprived “Tunisian nationals of their right to an individual, fair, and effective assessment of their asylum claims, while giving the Tunisian authorities a renewed carte blanche to continue their systematic violations against migrants, civil society and the wider civic space”. Alessandro Cir...
港鐵灣仔站有物件阻礙路軌 來往上環至鰂魚涌服務一度暫停 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港鐵灣仔站有物件阻礙路軌，來往上環至鰂魚涌服務一度暫停。 在港島綫灣仔站月台，大批工程人員在場處理事故，電視瑩...
港鐵灣仔站有物件阻礙路軌 來往上環至鰂魚涌服務一度暫停 To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video 【有線新聞】港鐵灣仔站有物件阻礙路軌，來往上環至鰂魚涌服務一度暫停。 在港島綫灣仔站月台，大批工程人員在場處理事故，電視瑩幕一度顯示有嚴重事故，金鐘站月台有乘客候車，部份人坐在地面。 早上六時半左右，港島綫灣仔站附近有物件阻礙路軌，部份車站出入口要一度關閉，來往上環至鰂魚涌站服務一度暫停，港鐵亦安排免費接駁巴士接載受影響乘客。大約七時半，工程人員將阻礙路軌物件移除，列車服務回復正常。
The Vatican Bank has announced this Tuesday the launch of two equity indices, both in the US and in the Eurozone, selecting stocks from firms that purportedly respect and adhere to Catholic tenets. The initiative was set up in partnership with Morningstar and represents an abnormal association between the Vatican and the financial sector. The Vatican Bank is officially known as the Institute for t...
The Vatican Bank has announced this Tuesday the launch of two equity indices, both in the US and in the Eurozone, selecting stocks from firms that purportedly respect and adhere to Catholic tenets. The initiative was set up in partnership with Morningstar and represents an abnormal association between the Vatican and the financial sector. The Vatican Bank is officially known as the Institute for the Works of Religion (IOR) and these new indices are labelled as the Morningstar IOR US Catholic Principles and the Morningstar IOR Eurozone Catholic Principles. Each of these indices holds 50 medium and large-cap companies, including Big Tech and major financial firms, that the Vatican Bank argues are "consistent with Catholic teachings on life issues, social responsibility and environmental protection". According to Morningstar, the fund's top American holdings feature companies like Meta and Amazon, while its European counterpart includes firms such as ASML, Deutsche Telekom and SAP. This partnership between the Vatican Bank and Morningstar comes after initiatives to rehabilitate the IOR's image, which had been damaged over the years through various scandals involving fraudulent activities such as misappropriation of funds. The late Pope Francis had already ratified a series of reforms to address those problems. ESG outflows and Catholic-based investing This move by the Vatican Bank also occurs during a period when ESG funds are experiencing substantial outflows. However, the concept of Catholic-based investing is not new or unique. These new indices already face rivals in the sector. For example, there is a US-based ETF named S&P 500 Catholic Values Index structured in a similar way and worth over $1bn (€840mn). Additionally, a US-based family fund named Ave Maria Mutual Funds reported over $3.8bn (€3.2bn) in assets under management last year. This fund also claims to follow a Catholic-based investment strategy.
Image source: The Motley Fool. Tuesday, May 6, 2025 at 10 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Steven Roth President and Chief Financial Officer — Michael Franco Executive Vice President – Leasing — Glen Weiss Executive Vice President – Finance — Thomas Sanelli Executive Vice President – Development — Barry Langer Need a quote from a Motley Fool analyst? Email [email pr...
Image source: The Motley Fool. Tuesday, May 6, 2025 at 10 a.m. ET CALL PARTICIPANTS Chairman and Chief Executive Officer — Steven Roth President and Chief Financial Officer — Michael Franco Executive Vice President – Leasing — Glen Weiss Executive Vice President – Finance — Thomas Sanelli Executive Vice President – Development — Barry Langer Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Stock Performance -- Share price increased 49% in 2024 and 36% in 2023, declining 12% year-to-date but outperforming peer CBD office companies. -- Share price increased 49% in 2024 and 36% in 2023, declining 12% year-to-date but outperforming peer CBD office companies. Liquidity -- Cash balances rose to $1.4 billion, boosted by recent asset sales and financing, with total liquidity, including undrawn credit lines, at $3 billion. -- Cash balances rose to $1.4 billion, boosted by recent asset sales and financing, with total liquidity, including undrawn credit lines, at $3 billion. Debt Reduction -- Total debt reduced by $915 million through recent transactions, including a $700 million mortgage repayment from the NYU prepaid rent. -- Total debt reduced by $915 million through recent transactions, including a $700 million mortgage repayment from the NYU prepaid rent. NYU Lease at 770 Broadway -- Master lease signed for 1.1 million square feet over 70 years, with a $935 million prepaid rent and $9.3 million annual payments; transaction treated as a sale under GAAP, generating an estimated $800 million gain in Q2 and $25 million annual accretion. -- Master lease signed for 1.1 million square feet over 70 years, with a $935 million prepaid rent and $9.3 million annual payments; transaction treated as a sale under GAAP, generating an estimated $800 million gain in Q2 and $25 million annual accretion. PENN 1 Ground Lease Arbitration -- Annual ground rent set at $15 million for 25 years, with a $17.2 million reversal of over-accrued rent and $11 million annual imp...
Anton Minin/iStock via Getty Images Note: I have covered Transocean Ltd., or "Transocean" ( RIG ), previously, so investors should view this as an update to my earlier articles on the company. Please note also that both Transocean and Valaris Limited, or "Valaris" ( VAL ), are part of our coverage universe at Value Investor's Edge . Transocean Acquires Valaris On Monday, leading offshore driller T...
Anton Minin/iStock via Getty Images Note: I have covered Transocean Ltd., or "Transocean" ( RIG ), previously, so investors should view this as an update to my earlier articles on the company. Please note also that both Transocean and Valaris Limited, or "Valaris" ( VAL ), are part of our coverage universe at Value Investor's Edge . Transocean Acquires Valaris On Monday, leading offshore driller Transocean surprised market participants with the proposed acquisition of competitor Valaris in an all-stock transaction valued at approximately $5.8 billion. For each common share, Valaris equity holders will receive 15.235 new common shares of Transocean. As a result, Valaris shareholders will own approximately 47% of the combined company, which will be led by current Transocean management. The new Transocean would be, by far, the world's largest offshore driller with a diversified fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semisubmersibles, and 31 modern jackup rigs. Company Presentation Please note that Valaris also owns two legacy jackup rigs that are on contract with oil majors in the UK North Sea until at least 2027. Based on statements made by management on the conference call , Transocean does not anticipate major antitrust issues. The transaction is expected to close in the second half of this year. The acquisition is expected to benefit Transocean in multiple ways: adding scale ahead of an anticipated multi-year upcycle in offshore investment expanded geographic reach and customer base removing a major competitor in the high-specification floater market increasing backlog by approximately 70% to $10.0 billion accretive to free cash flow and earnings on a per-share basis significant balance sheet and liquidity improvement improving access to capital markets, which should translate into a lower cost of capital $200+ million in projected synergies on top of Transocean's previously outlined $250 million cost savings target creating a viable path t...