JHVEPhoto/iStock Editorial via Getty Images goeasy Ltd. ( GSY:CA ) has had a tricky couple of months, and there could be further pain down the road. What started as concerns over its loan portfolio towards the end of 2025 quickly turned into an explosion in its LendCare portfolio, high delinquencies, high net charge-offs, and a revolving door of executives. With that being said, I believe goeasy, ...
JHVEPhoto/iStock Editorial via Getty Images goeasy Ltd. ( GSY:CA ) has had a tricky couple of months, and there could be further pain down the road. What started as concerns over its loan portfolio towards the end of 2025 quickly turned into an explosion in its LendCare portfolio, high delinquencies, high net charge-offs, and a revolving door of executives. With that being said, I believe goeasy, at these prices, could in theory be a buy, but I will rate it a short-term hold until I see clear execution and risks around charge-offs and LendCare decrease. The future of goeasy and the potential "buy" signal that may come will revolve around their 6-point Turnaround strategy. I want to make one thing clear to readers: I am planning to be risk averse with goeasy. I do not mind lower gains to reduce risk in a scenario such as this one, and this is why I am rating goeasy as a hold until I see what happens after Q2 2026 earnings and the July 1st audit results. With that being said, there are things I would like to see from goeasy not repeated in the future, even if the 6-point strategy is executed well. The Business goeasy is a Canadian subprime lender that provides loans to customers with a credit score in the sub-700s. As a subprime lender, the loans they provide are high in interest rate, around 25-35% APR for the most part, 35% being a hard cap due to regulation brought by the Canadian government in 2025. I disagree that this regulation helps the consumer since it encourages off-the- record, loan shark-type activity, but that is a discussion for another day. goeasy operates 3 main branches under their umbrella, all within the Canadian financial sector. easyfinancial, easyhome, and LendCare. easyfinancial offers direct secured and unsecured personal loans to goeasy customers. The loans are installment loans, and the amortization can range from 1 to 7 years. easyfinancial, together with LendCare (which will now become a single reporting entity), is almost the entire busin...
Wirestock GSK ( GSK ) is in talks to acquire oncology biotech Nuvalent ( NUVL ) for more than $9B, in what would be the British drugmaker’s largest acquisition in more than a decade, the Financial Times reported Tuesday. The companies have been in discussions with the aim of finalizing a deal as early as this week, the FT reported, citing people familiar with the matter. Both sides have yet to rea...
Wirestock GSK ( GSK ) is in talks to acquire oncology biotech Nuvalent ( NUVL ) for more than $9B, in what would be the British drugmaker’s largest acquisition in more than a decade, the Financial Times reported Tuesday. The companies have been in discussions with the aim of finalizing a deal as early as this week, the FT reported, citing people familiar with the matter. Both sides have yet to reach a final agreement, and the talks could still fall apart over last-minute hurdles, according to the report. A potential deal could value Nuvalent at between $9B and $10B, representing a premium of roughly 29% to 43% over the biotech company’s market capitalization of nearly $7B at Monday’s close. The deal would be the second largest acquisition in GSK’s history, the FT reported, trailing its 2014 asset swap with Novartis ( NVS ) in which it assumed control of the Swiss drugmaker’s vaccines division in a transaction valued at $20B. More on GSK, Nuvalent GSK plc (GSK) Presents at Jefferies Global Healthcare Conference 2026 Transcript GSK plc (GSK) Discusses Bepirovirsen Phase III Data and Advances in Hepatitis B Treatment Transcript GSK plc (GSK) Discusses Bepirovirsen Phase III Data and Advances in Hepatitis B Treatment - Slideshow Three studies used to justify U.S. vaccine policy under RFK Jr. face scrutiny: Guardian GSK, Ionis mark late-stage trial win for chronic hepatitis B therapy
Ciena Corporation ( CIEN ) has announced the pricing of an upsized private offering of $2.5B in aggregate principal amount of 0.00% convertible senior notes due 2031. The deal size was increased from the previously signaled $2B. The offering is expected to close on June 11, 2026, subject to customary conditions. Ciena has also granted initial buyers a 13-day option to purchase up to an additional ...
Ciena Corporation ( CIEN ) has announced the pricing of an upsized private offering of $2.5B in aggregate principal amount of 0.00% convertible senior notes due 2031. The deal size was increased from the previously signaled $2B. The offering is expected to close on June 11, 2026, subject to customary conditions. Ciena has also granted initial buyers a 13-day option to purchase up to an additional $375M in notes. The senior unsecured notes carry a 0.00% coupon rate (no regular interest) and will mature on September 15, 2031, unless earlier converted, redeemed, or repurchased. The initial conversion rate is set at 1.3393 shares per $1,000 principal amount of notes. This equates to an initial conversion price of approximately $746.66 per share, representing a 60% conversion premium over Ciena's last reported sale price of $466.67 on June 8, 2026. Upon conversion, Ciena will pay cash up to the aggregate principal amount. For any remaining conversion obligation above that, the company retains the flexibility to settle in cash, common stock, or a combination of both. Ciena cannot redeem the notes prior to September 20, 2029, except under a "cleanup redemption" clause if outstanding notes fall below 10% of the initial principal volume. Ciena plans to use the net capital generated across several specific channels: $1.14B to repay outstanding amounts, associated fees, and expenses under its existing senior credit facility term loan. $140M to fund the concurrent repurchase of roughly 0.3M shares of common stock at a cost of $466.67 per share. $100M to cover the net cost of concurrent convertible note hedge and warrant transactions (the warrants carry a strike price of $1,000.00 per share, a 114.3% premium, designed to minimize potential equity dilution). The remainder for general corporate purposes, including investments to enhance supply chain capacity. More on Ciena Ciena: When The Beat Was Not Enough Why Ciena Fell By Nearly 20% After Posting Second Quarter Results Ciena C...
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
A federal judge struck down a $100,000 fee President Donald Trump ordered for H-1B visa applications, providing a reprieve for US technology companies that rely on hiring skilled foreign workers. Bloomberg's Sankalp Phartiyal breaks down the developments. (Source: Bloomberg)
A federal judge struck down a $100,000 fee President Donald Trump ordered for H-1B visa applications, providing a reprieve for US technology companies that rely on hiring skilled foreign workers. Bloomberg's Sankalp Phartiyal breaks down the developments. (Source: Bloomberg)
(RTTNews) - Southwest Airlines Co. (LUV) announced late Monday its interline partnership with Singapore Airlines Ltd. (C6L.SI) to offer worldwide travelers single-ticket journeys to and from the United States.
(RTTNews) - Southwest Airlines Co. (LUV) announced late Monday its interline partnership with Singapore Airlines Ltd. (C6L.SI) to offer worldwide travelers single-ticket journeys to and from the United States.
Investors may need to rethink the most basic principles of portfolio management as artificial intelligence, geopolitical tensions and other structural shifts reshape markets, according to the BlackRock Investment Institute. The asset manager argued that traditional portfolio construction methods are becoming less effective in an investment environment increasingly driven by what it calls "mega for...
Investors may need to rethink the most basic principles of portfolio management as artificial intelligence, geopolitical tensions and other structural shifts reshape markets, according to the BlackRock Investment Institute. The asset manager argued that traditional portfolio construction methods are becoming less effective in an investment environment increasingly driven by what it calls "mega forces" — long-term changes ranging from AI and demographic shifts to geopolitical fragmentation and the energy transition. "We think this means investors should revisit big portfolio calls more often and have an explicit plan B portfolio ready," BII strategists led by Jean Boivin said. Among its highest-conviction tactical calls, BlackRock remains bullish on assets tied to the AI boom. It favors infrastructure and equipment supporting the AI buildout, including semiconductors, power systems and data centers, arguing these areas stand to benefit regardless of which companies ultimately emerge as winners. The firm also maintains an overweight position on U.S. equities, citing resilient earnings growth and expectations that AI will continue to boost corporate profits. In emerging markets, BlackRock prefers countries that manufacture critical AI components as well as commodity exporters that could benefit from higher energy and raw-material prices. The asset manager also suggested investors look beyond where a company is listed when making investment decisions. Instead, it said, greater emphasis should be placed on understanding a company's business model and revenue drivers. "What matters more is what a company actually does and the drivers of its revenue, not the country where its stock happens to be listed," BlackRock said. On fixed income, the asset manager is steering investors away from long-duration government debt. It is underweight long-term U.S. Treasurys, noting that inflation risks and rising term premiums continue to put upward pressure on yields. It also remains und...
So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene. For example, the iShares Semiconductor ETF (NASDAQ: SOXX) is up 89% year to date. Given the intense interest -- and investments -- in AI, this makes sense. Image source: Getty Images. Semiconductors and AI reinforce each other in a tight loop. AI dep...
So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene. For example, the iShares Semiconductor ETF (NASDAQ: SOXX) is up 89% year to date. Given the intense interest -- and investments -- in AI, this makes sense. Image source: Getty Images. Semiconductors and AI reinforce each other in a tight loop. AI depends on ever more sophisticated chips to run. Now, AI is changing how chips are designed and where they're manufactured. In short, AI is designed to perform tasks that normally require human intelligence, and semiconductors are the physical devices that enable it to do so. Continue reading
Maximusnd/iStock via Getty Images • The fund posted returns of -0.14% ((Institutional shares)) and -0.09% ((Investor A shares, without sales charge)) for the first quarter of 2026. • Asset allocation was the main driver of the fund’s slight underperformance of its benchmark during the quarter. • The fund maintained its “risk-on” bias but hedged its credit exposure in the latter part of the quarter...
Maximusnd/iStock via Getty Images • The fund posted returns of -0.14% ((Institutional shares)) and -0.09% ((Investor A shares, without sales charge)) for the first quarter of 2026. • Asset allocation was the main driver of the fund’s slight underperformance of its benchmark during the quarter. • The fund maintained its “risk-on” bias but hedged its credit exposure in the latter part of the quarter through the tactical model, which helped to mitigate some of the downside. The fund had a short duration ((interest rate sensitivity)) position through the quarter, primarily via the tactical model, though it entered the second quarter with a neutral exposure. Contributors Global rates were the main contributor to performance, driven by our global cross-market rates curve strategy’s long “2s5s flattener” positions, which benefited from a narrowing of the two-year and five-year yields in February. In addition, the global cross-market inflation strategy’s long inflation breakeven ((the difference in yield between nominal U.S. Treasuries and Treasury inflation-protected securities with comparable maturities)) positions were helpful in March. Detractors Asset allocation was the main detractor, largely due to our strategic model’s overweight positioning in investment grade and high yield credit. In February, the tactical model’s short duration exposure was unhelpful. Mortgage security selection weighed on performance due to our mortgage-backed security pool selection. Further insight During the quarter, geopolitical events pushed up energy prices and weighed on fixed income as expectations of interest rate cuts were repriced. Credit spreads widened amid concerns about artificial intelligence’s impact on software and the knock-on effects in private credit. We remain constructive on credit and view these pressures as largely sentiment-driven rather than a broader credit cycle. An estimated $100 billion in additional tax refunds from the One Big Beautiful Bill Act should help the ...
Memory chipmaker shares led a rebound in South Korean stocks, demonstrating investors aren’t quite ready to throw in the towel on the artificial intelligence boom. The Kospi jumped as much as 8% after three-day drop that brought the benchmark index down 15% from a record high. Samsung Electronics Co. bounced as much as 9.1%, while SK Hynix Inc. climbed more than 14%. The dramatic AI-fueled rally t...
Memory chipmaker shares led a rebound in South Korean stocks, demonstrating investors aren’t quite ready to throw in the towel on the artificial intelligence boom. The Kospi jumped as much as 8% after three-day drop that brought the benchmark index down 15% from a record high. Samsung Electronics Co. bounced as much as 9.1%, while SK Hynix Inc. climbed more than 14%. The dramatic AI-fueled rally that had at one point lifted the Kospi up more than 100% year-to-date unraveled rapidly on Monday, triggering circuit breakers that briefly suspended trading. The downturn was exacerbated by leveraged ETFs, which magnify moves in underlying securities. Read: Leveraged ETF Goes Haywire in Korea With Wrong-Way 40% Moves “Volatility has become huge, but that is due to the change in the market structure, not due to a directional shift in the cycle,” said Lee Jongwook , an analyst at Samsung Securities Co. Lee advised investors to maintain or add to positions after the selloff.