OpenAI plans to almost double its headcount by the end of 2026 as it seeks to fend off competition from companies such as Anthropic PBC and Alphabet Inc. ’s Google, according to the Financial Times . The maker of AI assistant ChatGPT will look to increase headcount to about 8,000 from about 4,500, the FT said, citing two people with direct knowledge of the matter whom it didn’t identify. The new hires will largely work across product development, engineering, research and sales, according to the report. OpenAI has taken new office space in San Francisco to accommodate its growing staff count, taking its footprint in the city to more than 1 million square feet, the newspaper added. OpenAI didn’t immediately respond to a request for comment. The hiring plans come amid a race with competitors including Anthropic and Microsoft Corp. to woo corporate customers using AI as coding assistants. Firms like OpenAI have unveiled a number of AI models that can take on increasingly complicated tasks — from analyzing company earnings reports to writing code and generating startlingly realistic-looking images and videos. Last week, OpenAI revealed plans to acquire Astral, a startup that makes Python tools for developers. Earlier in March, it agreed to buy AI security startup Promptfoo, adding tools to test and secure AI agents before deployment, Last year, it bought startups including Software Applications Inc. and Neptune. The firm is also in advanced discussions to form a joint venture with private equity firms, including TPG Inc., Brookfield Asset Management and Bain Capital, that would focus on bolstering adoption of its AI software, Bloomberg reported .

Over the past three years, Nvidia (NVDA 3.17%) has produced incredible returns while riding the wave of a rapidly growing artificial intelligence (AI) market. However, the bears argue that at some point, demand for the company's AI chips will cool, and the tech giant will be one of the corporations to experience a significant correction as the AI bubble bursts. That may not be anytime soon, though. Nvidia's CEO Jensen Huang continues to be bullish on the future of AI, and he recently said something that implies that demand for the company's chips isn't about to slow down; quite the opposite. Here's what investors need to know. The future is still bright Nvidia's data center segment accounts for most of its revenue and has been the main driver of sales growth over the past few years. In the fourth quarter of its fiscal year 2026, ending on Jan. 25, total revenue came in at $68.1 billion, up 73% year over year. Data center revenue was $62.3 billion (or 91% of the total top line), up 75% year over year, driven by expanding demand for AI chips. Here's the problem, if there is one: Nvidia itself says that its revenue is significantly concentrated among a few customers. During its fiscal year 2026, one of its direct customers accounted for 22% of total revenue, while another accounted for 14%. It did not say which, but we can try to guess: It is likely one of the leading cloud computing players, such as Amazon or Microsoft. Whomever it is, though, what happens if they significantly slow down these investments in AI chips? Nvidia's revenue will decline meaningfully. Not to worry. Huang does not believe that will happen. Here's what he said during Nvidia's fourth quarter earnings conference call: We have now seen the inflection of agentic AI and the usefulness of agents across the world and enterprises everywhere. Expand NASDAQ : NVDA Nvidia Today's Change ( -3.17 %) $ -5.66 Current Price $ 172.90 Key Data Points Market Cap $4.2T Day's Range $ 171.73 - $ 178.11 52wk Range $...

UK COVID Inquiry Finds Lockdowns May Have Cost 1000s Of Lives Authored by Steve Watson via Modernity.news, The authoritarian COVID lockdowns and stay-at-home orders sold as life-saving measures have been unmasked once again as a deadly failure of big government overreach. A new UK Covid-19 Inquiry report has concluded that the relentless “Stay Home, Protect the NHS, Save Lives” messaging likely cost thousands of lives by convincing people they could not get access to health services. The inquiry, led by Baroness Hallett, slammed the slogan created by Cabinet Office officials without input from health leaders. It “led some people to feel they must avoid burdening the NHS” and “may have inadvertently sent the message that healthcare was closed,” contributing to a sharp decline in A&E attendances for life-threatening emergencies such as heart attacks. Stay at home advice during Covid cost lives, inquiry concludes https://t.co/Lm4uaR8hvV — Times Politics (@timespolitics) March 19, 2026 The report states plainly: “It is clear that, during the pandemic, worsening delays in diagnosis and treatment led to increased ill-health and suffering and, in some cases, cost lives.” Some patients waited so long their conditions became “untreatable,” with permanent loss of mobility. Baroness Hallett stressed: “It is important that government communication campaigns do not deter those in need from accessing healthcare.” She urged future governments to consult healthcare professionals on messaging “to avoid unintended consequences.” Office for National Statistics data backs this up, recording more than 17,000 excess deaths from non-Covid conditions at the height of the pandemic. Cancer screenings were paused, diagnoses plummeted, and non-urgent care cancellations left patients suffering. Hospital visiting bans were branded too tough, with dying people left alone and families devastated. But at least we got to enjoy the dancing nurse videos in near-empty hospitals. pic.twitter.com/rJ6XPcc...

Key Points Demand for Nvidia's AI chips is set to increase, if Huang's recent comments are accurate. That means the stock could still deliver outstanding returns from here on out. 10 stocks we like better than Nvidia › Over the past three years, Nvidia (NASDAQ: NVDA) has produced incredible returns while riding the wave of a rapidly growing artificial intelligence (AI) market. However, the bears argue that at some point, demand for the company's AI chips will cool, and the tech giant will be one of the corporations to experience a significant correction as the AI bubble bursts. That may not be anytime soon, though. Nvidia's CEO Jensen Huang continues to be bullish on the future of AI, and he recently said something that implies that demand for the company's chips isn't about to slow down; quite the opposite. Here's what investors need to know. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The future is still bright Nvidia's data center segment accounts for most of its revenue and has been the main driver of sales growth over the past few years. In the fourth quarter of its fiscal year 2026, ending on Jan. 25, total revenue came in at $68.1 billion, up 73% year over year. Data center revenue was $62.3 billion (or 91% of the total top line), up 75% year over year, driven by expanding demand for AI chips. Here's the problem, if there is one: Nvidia itself says that its revenue is significantly concentrated among a few customers. During its fiscal year 2026, one of its direct customers accounted for 22% of total revenue, while another accounted for 14%. It did not say which, but we can try to guess: It is likely one of the leading cloud computing players, such as Amazon or Microsoft. Whomever it is, though, what happens if they significantly slow down these investments in AI chips? Nvidia's revenue ...

日職百年構想聯賽，西區榜首大阪飛腳作客與福岡黃蜂踢成2-2，之後互射十二碼落敗。 西區榜首對榜尾，白衫的大阪飛腳，由土耳其前鋒曉美特把握一次反擊機會射入，在11分鐘率先取得進帳。 這支西區「一哥」，包辦上半場三個入球，不過22分鐘這一記，由門將東口順昭送禮，撲到對方的射門，但緊接將辻岡佑真的傳球，擋入自家大門擺烏龍。福岡黃蜂追成平手。 飛腳都在完半場前3分鐘，再度領先。巴西邊鋒韋頓，把握小畑裕馬出迎後失誤，搶走皮球再送入網。韋頓衝前，影響小畑裕馬的判斷，未能抱實皮球，之後就出事。 百年構想聯賽有特別賽制，直接贏球三分，直接落敗零分。每場賽和都要互射12碼。兩隊都有機會在法定時間贏球，美藤倫78分鐘在禁區犯手球，飛腳被罰十二碼。 雖然黃蜂的見木友哉操刀，被東口順昭捉到路撲出，主隊都有辻岡佑真在補時2分鐘的混戰中，追成2-2平手。 飛腳三分鐘後，因越位食「詐糊」，雙方法定時間踢成2-2，互射十二碼的贏家有兩分落袋，輸都有一分。兩隊頭五輪都有一次射失，進入即時死亡階段。 一直射到第15輪，黃蜂的岡哲平沒問題，飛腳的積巴利，緊接被小畑裕馬救出。互射十二碼輸13-14，踢多兩場下，在榜首只有兩分優勢。贏球的黃蜂繼續墊底。

Source: Bloomberg, 0:00

一名12歲男童報案，指母親用藤條打他，母親被捕。 警方下午近三時接獲男童報案，指在黃大仙翠鳳街金鳳樓一個單位內，被41歲母親用藤條襲擊。經初步調查，母親涉嫌對所看管兒童或少年人虐待或忽略，她正被扣留調查。男童肩部受傷紅腫，被送往伊利沙伯醫院治理。

It's easy to see the appeal of early retirement. Instead of showing up to work every morning exhausted and annoyed after battling traffic, you could instead spend your days sleeping in, pursuing hobbies, and not having to log in to meetings. But while retiring early may be something you want to do, that doesn't mean it's a good idea. Here are a few signs that it could, in fact, end up being a total disaster. 1. You have decent savings, but not a whole lot There's no single savings amount that guarantees you'll have enough money to support yourself in retirement. This applies whether you're retiring early, late, or on time. But if you're retiring early, your money might need to last for more than 30 years. And remember, the earliest you can claim Social Security is 62. If you retire at 54, that means you'll have eight years where your portfolio will have to do all of the heavy lifting. Before you retire, take a close look at your savings and make sure you've really built a robust enough nest egg for an early workforce exit. A $1 million IRA may be just fine if you're retiring at 65. At 55, it may fall short. 2. You're banking on risky investments to sustain a larger withdrawal rate It's important to keep your retirement savings invested so that money continues to generate returns. The stronger your returns are, the easier it becomes to beat inflation and maintain your buying power without a job. But if you're counting on risky investments to generate returns and allow for a comfortable withdrawal rate, you may be in for a rude awakening. All it takes is a single major market downturn in the first few years of retirement for your portfolio to sustain losses it never recovers from. A better bet? Aim for a more even mix of stocks and bonds in your portfolio. And if you need supplemental income due to lower portfolio returns, join the gig economy to get it. Or wait a few years for your assets to grow a bit more. 3. You haven't factored in health insurance costs Healthcar...

格隆汇3月21日｜多家伊朗媒体21日援引伊朗武装部队发言人的话报道说，若美国和以色列再次袭击波斯湾的民用船只，伊朗将采取严厉的对等行动。 该发言人说，美以“屡战屡败，无力抵挡伊朗武装部队的猛烈攻势”，将袭击目标转向波斯湾内的私人及客运船只。 发言人警告，如果打击民用船只这种“懦弱的侵略行径”再次发生，将采取严厉的对等行动。 据伊朗塔斯尼姆通讯社20日报道，伊朗伦格港的16艘货船遭美以“野蛮袭击”。这些货船是当地居民谋生的重要工具，袭击直接针对这些货船，给当地经营者带来重大损失。

airdone/iStock via Getty Images Setting The Stage Advanced packaging is gaining traction at a CAGR of 8.39% , driven by the demand for high-performance semiconductors. This demand is majorly from electric vehicles (EVs), advanced driver assistance systems (ADAS), and other high-performance products. I am looking at this market tailwind as an anchor on which advanced packaging relies on. This is why I believe Amkor Technology, Inc ( AMKR ) is continuously positioning itself in this market to seize the opportunity. As we speak, AMKR is the most relied on company in advanced packaging by the world’s leading semiconductor companies in completing their semiconductor designs. From the recently released FY2025 report, Amkor recorded 82.8% of the revenues from advanced products. AMKR is already in a profitable advanced packaging business at a net income of about $374 million in FY2025, up from $354 million in FY2024. Even more interesting, AMKR is in partnership with NVIDIA, a world-leading chip designer, and will be providing scale advanced packaging at its Arizona facility , scheduled to commence production by 2028 . This is a testament that the company is operating on an existing reality heading to other possibilities I will explain later such as Arizona’s new fab. With this whole semiconductor ecosystem in favour of Amkor, I believe this is why AMKR’s price return is currently at about 136%%, beating the S&P 500, which is at approximately 15% over the last one year. Seeking Alpha The Reality In Advanced Packaging Before I get into AMKR specifics, I will first look at the market tailwinds around advanced packaging. To begin with, let’s look at it this way. Think of an existing business in a rapidly growing market that has hit the road by recording positive YoY growth. But this company has not settled at that point. Instead, it continues to invest more capital to provide advanced products that match the market needs to increase its market access. Realistically, this would...

格隆汇3月21日｜伊朗学生通讯社援引一位伊朗官员的话，回应了特朗普总统关于美国可能即将结束军事行动的言论。“德黑兰不相信特朗普的言论；美国在该地区的军事活动水平没有发生任何实质性变化，”这位官员说，“特朗普的声明与实际情况不符。德黑兰方面认为，现在应该给特朗普一个教训。”特朗普周五表示，他正在考虑“逐步减少” 在伊朗的军事行动 。但他后来表示，他“不想与伊朗停火”。特朗普告诉记者：“你知道，当你正在彻底摧毁对方的时候，你不可能停火。”

iantfoto/E+ via Getty Images Written by Jussi Askola, CFA for High Yield Investor I have been actively investing in high-yielding stocks for well over a decade now, and there are many things I wish I knew before I got started. My results would have been a lot better, but unfortunately, back when I got started, there weren't many investment forums like today, where you can learn from other investors. As a result, I had to learn many things the hard way, so to speak, occasionally suffering large losses from poor investment decisions. Today, I am going to give you the chance to learn from my past mistakes so that you can hopefully avoid similar losses in the future. Lesson #1: Stick To What You Know Everybody always talks about how crucial it is to diversify your portfolio. I agree that it is important, but I quickly learned that it has its limits as well, especially if you are an active investor seeking to outperform the market. Back when I first got started, I felt the need to diversify across most sectors of the market in an effort to reduce risks. On paper, this seemed like a great idea, but in practice, it failed because you cannot realistically be an expert at everything. This meant that I was making poorly informed investment decisions just for the sake of diversification, and that led to some losses that could have been avoided in many cases. I was getting a false sense of safety by being widely diversified, but in reality, I was increasing risks by acting like a "jack of all trades". Over time, I learned that if you want to have a chance to outperform the market, you need to become an expert at certain specific things and then intensely focus on those investments to derive alpha for your portfolio. In my case, this meant investing heavily in REITs ( VNQ ), MLPs ( AMLP ), BDCs ( BIZD ), asset managers ( GPZ ), listed infrastructure, and other real asset-based companies. I found that despite these companies often enjoying stable and predictable fundamentals, the...

Kraivuttinun/iStock via Getty Images Over the past couple of years, cumulative inflation has been massive. For example, if we measure it from 2020 to 2026 (February) we will get a cumulative result of 26.3%. The way to read this is that if in 2020 we purchased a basket of goods/services for $1,000 then now the same basket would cost ~$1,263. This dynamic has directly eroded the purchasing power of investor portfolios. And the thing is that the ones who have suffered the most here are prudent investors, who have avoided richly valued areas of the market in which record-beating names have laid: e.g., Nvidia Corporation ( NVDA ), Micron Technology ( MU ), Palantir Technologies ( PLTR ) etc., all delivering returns well-above the aforementioned cumulative inflation rate. Instead, these conservative and margin of safety-oriented investors, who typically invest for retirement and not alpha returns have faced the biggest inflation-related headwinds. This is because safety, quality and income predictability are factors, which per definition require a portfolio tilt towards fixed income like products, which tend to perform quite bad in inflationary environments (at least on an inflation adjusted basis). In this context, I like to use Realty Income Corporation ( O ) as an example. Realty Income is, arguably, one of the most well-known retirement income powerhouses out there - e.g., dividend aristocrat, upper investment grade balance sheet, monthly dividends etc. So, if deployed capital in O on January 2020 at then-current yield of ~3.9% and factored in the realized annual dividend growth rate of around 3.5%, we would barely match the cumulative inflation rate. Given the most recent CPI print and the surging oil prices, we are very likely talking about a continued erosion in purchasing power. And since it its energy cost driven, food, beverages and utility items will most probably rise at a higher rate than the aggregate CPI figure - i.e., consumption items, which are most rel...

International Business Machines (IBM 1.56%) stock surged back to life over the last three years, more than doubling in value. That remains true despite a material pullback in 2026 as investors worry about the impact that artificial intelligence (AI) will have on its business. Here's why now could still be a good time to buy IBM if you are a long-term investor. International Business Machines changes with the times The main reason to buy IBM now, after a recent drawdown, is the technology giant's quantum computing business. While AI is the darling of Wall Street today, quantum is waiting in the wings to join, if not take over, the spotlight. AI uses massive amounts of computer power, and quantum has the potential to vastly increase the amount of computing power available. However, the reason to buy IBM stock isn't directly related to quantum computing. That's really a sign of a much bigger story. To understand IBM, you really need to go back about 100 years, to the company's founding. When IBM started out, it made things like scales. That's a far cry from quantum computing, which is the important takeaway. IBM didn't simply spring into existence; it evolved and changed over time into the business it is today. The company has proven, many times over, that it can keep pace with the technology that its largely business customers need and want. IBM has a unique culture Not many companies manage to survive as long as IBM has. It requires a specific culture that lives beyond any single employee, generation, or technology. Right now, investors are worried that AI will hurt IBM's business. It might in the near term, but over the long term, the company is highly likely to use AI as a tool to better serve its customers. Expand NYSE : IBM International Business Machines Today's Change ( -1.56 %) $ -3.90 Current Price $ 246.47 Key Data Points Market Cap $227B Day's Range $ 244.59 - $ 250.12 52wk Range $ 214.50 - $ 324.90 Volume 236K Avg Vol 5.7M Gross Margin 57.59 % Dividend Yie...

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby warned of $175 oil prices that would dramatically drive up jet-fuel expenses, outlining worst-case scenarios even as the aviation industry benefits from current record travel demand. The already elevated price of jet fuel is prompting the airline to cut 5 percentage points of capacity in the near term where routes are temporarily unprofitable, Kirby told staff in a memo late on Friday. At the same time, he said the carrier is strong enough to weather a crisis and won’t defer investments or furlough workers. “The reality is, jet fuel prices have more than doubled in the last three weeks,” Kirby told employees in the memo. “If prices stayed at this level, it would mean an extra $11B in annual expense just for jet fuel. For perspective, in United’s best year ever, we made less than $5B.” Airlines globally are grappling with a painful spike in oil prices. Major US carriers like United are not hedged on fuel, leaving them without protection from volatile price jumps. The broader industry has already responded with fare increases and fuel surcharge to claw back some of the elevated costs. The messaging from Kirby to staff sought to outline his plan to ride out escalating costs that risk pushing some airlines to the edge of financial survival, and to deploy a tactical playbook to respond. “We’re ready, we have a plan and we’re going to continue executing that plan,” Kirby said. United, the largest airline in the world by capacity, said it is forecasting oil to stay above $100 a barrel until the end of 2027. American Air Considers Liquidity Options, Prepares New Jet Order Airline Bookings Surge as Travelers Rush to Lock In Fares To rein in costs, the airline is canceling 3 percentage points of flying in off-peaks such as overnight, mid-week, and weekend flying in the second and third quarters, in what Kirby described as “tactically pruning” of the network. The war-related pause of the airline’s Tel Aviv and D...

The stock market is certainly taking investors on a roller-coaster ride. However, there are some excellent dividend stocks I own in my portfolio that still allow me to sleep soundly at night. In this video, I'll discuss Prologis (NYSE: PLD) , Realty Income (NYSE: O) , and three more. *Stock prices used were the morning prices of March 20, 2026. The video was published on March 21, 2026. Continue reading

格隆汇3月21日｜据Argus，中东海湾地区的高级官员表示，该地区的产油国敦促美国“直接”解决霍尔木兹海峡石油运输中断的问题，并警告说，诸如利用所谓的伊朗“海上石油”之类的临时措施，可能会加强伊朗的地位，同时使地区生产国面临风险。美国财政部下属的外国资产控制办公室此前发布通用许可文件，允许截至当日已经装船的伊朗原油和石油产品交付和销售，以增加石油市场供应。海湾国家高级官员表示，美国的这一举措在海湾国家看来只是权宜之计，未能直接解决核心问题，即全球最关键的能源运输要道被有效切断。海湾地区官员警告称，此类措施可能造成一种不平衡的局面：伊朗原油继续流入市场，而与美国结盟的海湾产油国的出口却受到限制。另一位高级官员表示，该地区的产油国不能接受“伊朗挟持霍尔木兹海峡”的局面，并称这种情况将导致全球能源市场发生结构性转变。

Strictly Come Dancing’s longest-serving female professional dancer, Karen Hauer, has quit the show after 14 years. In a video posted on Instagram, Hauer said it was “the right time to close this chapter and take on new projects in other areas I’m passionate about”. She continued: “Strictly completely changed my life, not only as a performer and a teacher but as a human being. I’ve had the privilege of meeting so many incredible people and brilliant celebrity partners who have become close friends and people I admire so much.” Hauer said she would “even miss standing in front of the judges. Can you believe that? Smiling politely while sometimes secretly disagreeing. It’s been an honour to share the ballroom with them.” Thanking her fans, she said: “I’m so grateful you watched me grow over the years and witnessed all of my different hair styles.” The Venezuelan-born dancer, who moved to New York City at the age of eight, said while welling up: “Who would have thought that a young girl from the Bronx would end up becoming the longest-serving female professional dancer on a British TV institution. “Strictly, will always be in my heart. I love you all.” Hauer first hit TV screens when she auditioned for the US reality show So You Think You Can Dance in 2009. She came to the UK in 2010, with the Latin stage show Burn the Floor, and made her first appearance on Strictly Come Dancing in 2012, where she met its former host Bruce Forsyth and the Strictly judge Len Goodman, whom she called “incredible legends”. She was first paired with the Westlife singer Nicky Byrne where they reached the quarter-finals. Two years later, she made it to the finals with The Only Way Is Essex star Mark Wright and, in 2019, she came second in the competition with Jamie Laing, who gained fame after appearing in Made in Chelsea. Hauer won a scholarship to the Martha Graham school of contemporary dance at nine years old, where she studied for 10 years. In an interview with the Guardian, she said da...

上海迪士尼度假区开启“10岁生日庆典”，通过全新演出、纪念商品和IP拓展等举措推动游客增长与消费拉动。 日前，上海迪士尼度假区正式开启以“加你更奇妙”为主题的“10岁生日庆典”。据悉，2025年上海迪士尼累计迎来第1亿人次游客，借由目前启动的十周年庆典活动，新的一年游客量有望持续保持增长。 庆典首日，三大全新及焕新的娱乐演出体验亮相，包括全新演出“奇妙之心”城堡秀于焕新升级的奇幻童话城堡舞台上迎来首秀。夜间演出“奇梦之光幻影秀”迎来庆典专属的终章——奇妙在身边：10岁生日特别欢庆。花车巡游方面也加入了10周年元素。 迪士尼的商业模式是创造内容，打造IP后依托虚拟人物和故事来开发衍生经济，比如各类周边商品、餐饮、主题乐园、演出和邮轮等。第一财经记者了解到，上海迪士尼乐园10周年之际，官方特意推出了特别款的餐饮和大量纪念商品，这些都会在一定程度上拉动购物消费。 在上海迪士尼乐园现场，第一财经记者看到，不少来自全国各地的游客特意来参加10周年庆典活动。“我们从沈阳来上海，就是为了参加迪士尼的10周年活动，也买了很多周边商品。这次除了来迪士尼，还打算到外滩等上海其他景点游玩一下，计划在上海住几个晚上。今天看了一些迪士尼庆典活动表演，非常不错。”来自沈阳的赵女士告诉第一财经记者。 和沈女士一样，来上海迪士尼参与10周年庆典活动，并在上海游玩多日的游客不在少数，他们从住宿、餐饮、旅游、购物和大交通等多方面拉动了上海消费。 同程旅行数据显示，上海凭借上海迪士尼度假区、上海乐高乐园度假区等主题乐园及丰富的亲子休闲资源，对中长途游客吸引力持续走高。今年清明假期为4月4日至6日，多地春假与清明衔接形成6天长假（4月1日至6日），进一步激活中长途出行需求。 上海迪士尼度假区总裁及总经理包兆天对第一财经记者表示，2026年是上海迪士尼开业10周年，除了已经成功推出的玲娜贝儿，未来将探索更多原创IP。“新项目方面，我们正在建设第三座和第四座主题酒店，‘翱翔·飞越地平线’未来将扩容，蜘蛛侠主题全新园区正在建设中。” 值得注意的是，在上海迪士尼10周年庆典活动启幕现场，第一财经记者还看到了不少外国游客。包兆天进一步透露，目前上海迪士尼乐园的入境游客增长很迅速，主要来自马来西亚、泰国、新加坡、韩国等，未来将加大和旅游公司合作，希望可以吸引更多入境游客。 就在近期，迪士尼方面还与F1合作，在上赛场和...

格隆汇3月21日｜乌克兰军方称，昨夜袭击了俄罗斯萨拉托夫州的一家炼油厂。

PM Images/DigitalVision via Getty Images The SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (NYSEARCA: HYMB ) offers investors a tax-advantaged 4.5% dividend yield. HYMB is a solid investment opportunity, a buy, and a particularly interesting choice for investors in taxable accounts facing higher marginal tax rates. HYMB - Overview and Analysis Index and Portfolio HYMB is a high-yield municipal bond index ETF, tracking the Bloomberg Municipal Yield Index (go to 'About this Benchmark' for details). Said index includes relevant dollar-denominated, tax-exempt, muni bonds, subject to a basic set of inclusion criteria. Unlike most high-yield bond indexes, the fund includes sizable investments in quality, investment-grade securities with these accounting for at least 1/3rd of its portfolio. HYMB offers investors diversified exposure to muni bonds, with investments in almost 2,000 of these, and with exposure to dozens of states, several industries. HYMB HYMB HYMB provides diversified exposure to muni bonds . It does not provide diversified exposure to bonds as a whole, as it focuses on a specific bond sub-asset class. In general, I think that diversification is desirable, and prefer broader bond ETFs like the iShares Flexible Income Active ETF ( BINC ). In this particular case, I see the merits of focusing on tax-advantaged investments, and hence ETFs like HYMB, although the benefits here are strongly dependent on the specific circumstances of each individual investor. Risk and Volatility HYMB's underlying index directly sets portfolio weights by credit ratings. Specifically, index weights are as follows: 70% non-investment grade / unrated securities, so BB+ or lower 20% securities rated BBB 10% securities rated A Credit quality for the fund is as follows: HYMB HYMB's portfolio weights seem quite close to those of its index, assuming that the vast majority of its unrated bonds are non-investment grade, as is generally the case. HYMB does lean a bit more quality than i...

中国企业正在探索一条不同于以往的全球化之路。 3月中旬的亚布力，依然细雪纷飞。室内，企业家们围绕出海话题的讨论却十分炽热，现场座无虚席，晚来者只能倚墙而立。 东南亚和中东是近些年来中国企业出海的热门区域，不过随着中东局势的变化，海湾国家的“安全迷思”被打破。在第二十六届亚布力中国企业家论坛年会“出海经验谈：成功与教训”分论坛（以下简称“论坛”）上，很多企业家表示，较近的地理位置和与稳定的对华关系，使得东南亚依然是很多企业出海的首选。 上海国际问题研究院东南亚研究中心主任周士新向第一财经记者表示，长期以来，中国和东南亚国家的市场联系十分紧密，互利共赢。但也需要认识到，双方在许多方面都存在着差异，既存在互补性，也有存在同质性，导致相互间既存在合作，也存在竞争关系。 选合作伙伴 出海东南亚似乎是一个老生常谈的问题，但在亚布力中国企业家论坛上，企业家谈这一问题都是带着自己的经验和教训而来。 在讨论中，“合作伙伴”一词被反复提及，成为决定出海成败的核心变量之一。如今中国优质产品出海，已经和以前不同，已经不缺潜在的合作伙伴，而是如何挑选好合作伙伴的问题。 迈胜医疗集团董事长田源在论坛上表示，他所在的企业在细分领域已经是国内的龙头，“在东南亚市场上走了一圈后，很多人会来找你，有想做你的代理，也有想和你谈合作”，为此他把潜在的合作伙伴分为三类。 一类是在同行业内，在当地已小有名气的公司；第二类是宣称有高层资源的中间人，自称有很强的通关能力，但虚虚实实很难把握；第三类是当地的华人，语言相通，且能把当地的环境一口气讲清楚，但存在着当地根基不深的问题。 田源坦言，在选择合作伙伴时没有统一模式，但重要的考核标准是“能把当地的事情搞定”。他以企业最近签下的一单为例，原本未在计划之中，但机会出现后，当地合作伙伴展现出了强大的协调能力，即便国际竞争对手的总裁亲自出马，以更低价格争抢订单，但合作伙伴依然凭借出色的协调能力，最终拿下这一单，“这是一个很好的案例”。 而对于一些规模较小的科创企业，轻资产出海可能更合适。在论坛上，一位科创企业代表分享了其在马来西亚的实践。他们与当地大型企业合作，由对方出资购买生产设备，中方提供原材料、技术和品牌，双方成立合资公司，利润按比例分成。这位企业代表说：“如果当地发生问题，我可以立马撤回。对我来说，这是最安全的模式。” 日本的教训 在讨论中国企业出海路径时，论坛...

Following a long run of disappointment, emerging markets equities finally got their acts in gear last year, as the MSCI Emerging Markets index nearly doubled the S&P 500's performance. That momentum carried into 2026. The developing economies gauge is up 7.4% year to date, while the S&P 500 is off 1.64%. But there's a rub. Stock-picking in countries such as Brazil, China, India, and others is tricky because U.S. analysts and the mainstream financial press here are focused on domestic names. On the bright side, exchange-traded funds (ETFs) provide efficient -- and, in many cases, broad -- access to stocks in developing nations. However, these funds aren't cut from the same cloth. The Schwab Fundamental Emerging Markets Equity ETF (FNDE 2.91%) stands as a positive example of that sentiment. For market participants seeking some emerging markets stamps on their investing passports, this ETF is also worth considering today. A fabulous fundamental focus with this ETF As with domestic fare, the most popular emerging markets ETFs are capitalization-weighted index funds, meaning they weight components by market capitalization. This Schwab Emerging Markets ETF, which tracks the RAFI Fundamental High Liquidity Emerging Markets index, marches to the beat of a different, not cap-weighted, drummer. That index focuses on three core principles: cash flow, sales, and shareholder rewards (buybacks and dividends). By no means is that a complex or exotic methodology, but it has the potential to position investors for success. Over the past five years, this ETF thoroughly outpaced the average returns produced in the emerging markets ETF category. There's something else, too, for investors to consider with this emerging market fund. Obviously, it's passively managed because it tracks an index, but there is some activity in that benchmark. A quarter of the index's holdings are rebalanced every quarter in an effort to boost exposure to holdings with value traits, while paring allocations t...

Key Points The Schwab Fundamental Emerging Markets Equity ETF does things differently. That's okay, because this ETF has a knack for outperforming peers. With emerging markets stocks displaying momentum, this ETF warrants attention. 10 stocks we like better than Schwab Strategic Trust - Schwab Fundamental Emerging Markets Equity ETF › Following a long run of disappointment, emerging markets equities finally got their acts in gear last year, as the MSCI Emerging Markets index nearly doubled the S&P 500's performance. That momentum carried into 2026. The developing economies gauge is up 7.4% year to date, while the S&P 500 is off 1.64%. But there's a rub. Stock-picking in countries such as Brazil, China, India, and others is tricky because U.S. analysts and the mainstream financial press here are focused on domestic names. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » On the bright side, exchange-traded funds (ETFs) provide efficient -- and, in many cases, broad -- access to stocks in developing nations. However, these funds aren't cut from the same cloth. The Schwab Fundamental Emerging Markets Equity ETF (NYSEMKT: FNDE) stands as a positive example of that sentiment. For market participants seeking some emerging markets stamps on their investing passports, this ETF is also worth considering today. A fabulous fundamental focus with this ETF As with domestic fare, the most popular emerging markets ETFs are capitalization-weighted index funds, meaning they weight components by market capitalization. This Schwab Emerging Markets ETF, which tracks the RAFI Fundamental High Liquidity Emerging Markets index, marches to the beat of a different, not cap-weighted, drummer. That index focuses on three core principles: cash flow, sales, and shareholder rewards (buybacks and dividends). By no means is that a...

格隆汇3月21日｜据加拿大广播公司等媒体当地时间20日消息，加拿大不列颠哥伦比亚省省长尹大卫（David Eby）将于今年晚些时候率领贸易代表团访华。报道称，尹大卫表示，此次访问将重点聚焦深化农业和能源领域的贸易关系。报道还称，这将是不列颠哥伦比亚省省长自2018年以来首次访华。尹大卫并未透露具体访问时间及其他细节。报道援引不列颠哥伦比亚省政府数据称，2024年中国是该省产品的第二大出口市场，占比15.6%。

Rheinmetall AG expects a swift restart on construction of F126-class frigates for the German Navy with a plan to take over the project that’s currently running behind schedule, the head of the company’s Maritime Systems division told Welt am Sonntag. “We expect to be awarded the contract for the F126 frigate this summer as the general contractor,” Tim Wagner said in an interview. “We want to speed up production times and deliver the first of the six planned frigates in the second half of 2031,” Wagner was cited as saying. The original contractor — Dutch company Damen Naval in Vlissingen — in July reported delays in the delivery of the ships as a result of IT problems, casting a shadow over one of the biggest procurement projects by Germany’s armed forces. To fill the gap, the government plans to purchase four MEKO A-200 class frigates from Kiel-based shipbuilder TKMS AG , the defense ministry announced on March 18. Rheinmetall has expanded its naval division through the acquisition of NVL BV & Co. KG, the military part of the Lürssen Group, which closed this month.

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Why Meta’s Fifth Avenue lease is drawing fresh attention to Vornado Realty Trust (VNO) Meta’s decision to sign a 10 year lease for its New York flagship Meta Lab at Vornado Realty Trust’s 697 Fifth Avenue puts a high profile tenant at the center of Vornado’s Manhattan portfolio. See our latest analysis for Vornado Realty Trust. The Meta Lab and Le Colonial leases arrive during a softer patch for the stock, with Vornado’s 30 day share price return of 14.53% and year to date share price return of 24.04% declines. Its 3 year total shareholder return of 96.49% points to a much stronger longer term picture than the 32.10% total shareholder return decline over the past year. If you are comparing Vornado’s trajectory with other real asset stories, it can help to widen the lens and scan 27 power grid technology and infrastructure stocks With Vornado trading at US$25.41, alongside an indicated 45.30% intrinsic discount and a 37.74% gap to analyst targets, the key question is whether this weakness signals an opportunity or if the market already reflects future growth. Most Popular Narrative: 32.9% Undervalued Vornado’s most followed narrative pegs fair value at about $37.85 per share, which sits well above the recent $25.41 close and frames the current discount. The analysts have a consensus price target of $37.857 for Vornado Realty Trust based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $46.0, and the most bearish reporting a price target of just $30.0. Read the complete narrative. Want to see what supports that valuation gap? The narrative leans on modest revenue expansion, very slim future margins, and a much higher earnings multiple than today. Curiosities abound. Result: Fair Value of $37.85 (UNDERVAL...

Project Hail Mary author Andy Weir sits down with Christina Ruffini to discuss his bestselling novel-turned-blockbuster starring Ryan Gosling and opening this weekend. Watch Bloomberg This Weekend LIVE every Saturday and Sunday morning: (Source: Bloomberg)

mbbirdy/E+ via Getty Images Wall Street closed the week sharply lower as tensions in the Middle East kept oil prices elevated around $100 per barrel. Meanwhile, the Federal Reserve held interest rates steady, in line with expectations. In addition, U.S. Treasury yields rose significantly this week due to renewed concerns about the near-term path of monetary policy after the Fed’s decision to keep rates steady. For the week, the S&P ( SP500 ) lost -1.9%, while the tech-heavy Nasdaq Composite ( COMP:IND ) dipped -2.1%, and the blue-chip Dow ( DJI ) fell -2.1%. Here’s what caught investor attention this week: Micron ( MU ) fell following the memory maker’s earnings report but has gained more than 321% over the past 12 months. MU reported much stronger-than-expected results and guidance. However, investors took profits after a historic run. Super Micro ( SMCI ) shares plunged after three individuals associated with the server maker, including a co-founder, were indicted by the US Attorney’s Office for allegedly conspiring to smuggle at least $2.5B worth of U.S. AI technology to China. Nebius ( NBIS ) shares jumped after the company announced a major AI infrastructure agreement with Meta ( META ) worth up to $27B over five years, including $12B in dedicated capacity and an option for Meta to buy up to $15B more. Alibaba Group ( BABA ) shares dipped after the Chinese e-commerce giant reported a significant Q4 miss on both revenue and profit, raising concerns over the effectiveness of its heavy AI investments. The firm reported a 67% drop in quarterly net income as total revenue rose only 1.7% to RMB 284.84B ($41.3B). Alibaba ( BABA ) has pledged more than $53B in AI investment over several years, outpacing domestic peers. Macy’s ( M ) reported stronger-than-expected earnings, driven in part by approximately 10% comparable sales growth at Bloomingdale’s, its higher-end department store banner. The brand has been outperforming due to stronger demand from more affluent consu...

In Georgia, a woman was charged with murder after allegedly taking pills to induce a termination. Yet America happily drops bombs on children abroad How many children has the US helped kill this week in the Middle East? It’s hard to keep track, but Unicef reports that more than 1,800 children in the region have been killed or injured since the US and Israel started a war with Iran on 28 February. In Lebanon, a US-backed Israel is killing or wounding a classroom’s worth of children every day, Unicef’s deputy executive director told Reuters . That’s just after killing more than 20,000 children in Gaza in two years, all with the help of US taxpayer dollars. The assault on freedom with Mehdi Hasan and Arwa Mahdawi On Monday 8 June, join Mehdi Hasan and Arwa Mahdawi to discuss the current seismic changes in geopolitics, the alarming rise of populism and nationalism, and its global implications. Live in London and livestreamed worldwide. Book tickets here or at guardian.live Continue reading...