Earlier in March, Apple announced AirPods Max 2, an upgraded over-ear headset with stronger noise cancellation, lossless USB-C audio, creator-focused tools, and new AI-enabled features powered by its H2 chip. The launch extends Apple Intelligence beyond iPhone and Mac into premium audio, reinforcing Apple’s ecosystem and adding fresh use cases for professionals and everyday users. We’ll now examin...
Earlier in March, Apple announced AirPods Max 2, an upgraded over-ear headset with stronger noise cancellation, lossless USB-C audio, creator-focused tools, and new AI-enabled features powered by its H2 chip. The launch extends Apple Intelligence beyond iPhone and Mac into premium audio, reinforcing Apple’s ecosystem and adding fresh use cases for professionals and everyday users. We’ll now examine how this extension of Apple Intelligence into AirPods Max 2 could influence the company’s...
[This stream is scheduled to begin at 6:05 p.m. ET] Venezuela opposition leader María Corina Machado will address oil and gas executives Tuesday, as the industry hesitates to invest in the South American nation after the U.S. ousted former President Nicolás Maduro. Machado, a Nobel Peace Prize laureate, was blocked in 2024 from running for president in Venezuela by the Maduro regime. She previousl...
[This stream is scheduled to begin at 6:05 p.m. ET] Venezuela opposition leader María Corina Machado will address oil and gas executives Tuesday, as the industry hesitates to invest in the South American nation after the U.S. ousted former President Nicolás Maduro. Machado, a Nobel Peace Prize laureate, was blocked in 2024 from running for president in Venezuela by the Maduro regime. She previously served in the National Assembly. Machado leads the opposition movement that seeks a transition to democracy and a market economy in Venezuela. She will deliver remarks at S&P Global's CERAWeek conference in Houston, Texas. The gathering draws oil and gas executives and senior government officials from around the world. The U.S. captured Maduro in a military raid in January, but has left the rest of the regime in place . The Trump administration has praised its cooperation with interim President Delcy Rodríguez, who served as vice president under Maduro. The White House has not set a timeline for elections. President Donald Trump is pressuring U.S. oil and gas companies to invest in Venezuela, which posseses some of the largest crude reserves in the world. Industry leaders are skeptical. ConocoPhillips and Exxon Mobil have made clear they will not return until major political reforms are implemented to protect private sector investments. The companies had their assets seized by President Hugo Chavez in 2007. Conoco will not invest until there is way to recover some of the $12 billion that Venezuela owes the company from the expropriation of its assets, CEO Ryan Lance said Tuesday. The recent reform of Venezuela's oil laws under Rodríguez are "woefully inadequate," Lance said. "They have a long ways to go to make make the country competitive globally to attract the kinds of billions of dollars of investments that are going to be required," Lance said at CERAWeek. It will require not only physical security and contract guarantees but also policy durability in Venezuela and t...
Forgent Power Solutions Inc. and some of its shareholders are offering to sell 30 million shares in aggregate, less than two months after the electrical equipment company’s initial public offering. Stockholders affiliated with Neos Partners are offering 20.7 million Forgent shares, and the company is selling 9.31 million shares, according to a filing Tuesday with the US Securities and Exchange Com...
Forgent Power Solutions Inc. and some of its shareholders are offering to sell 30 million shares in aggregate, less than two months after the electrical equipment company’s initial public offering. Stockholders affiliated with Neos Partners are offering 20.7 million Forgent shares, and the company is selling 9.31 million shares, according to a filing Tuesday with the US Securities and Exchange Commission. At the closing price of $35.78 each on Tuesday, the offering would raise about $1.07 billion, according to Bloomberg calculations. Shares fell 9.3% to $32.45 each in after-hours trading in New York. The stock has climbed 33% from the IPO price through Tuesday’s close. The stock will be marketed for two days and price Thursday after markets close, according to people familiar with the matter, who asked not to be identified as the information isn’t public. Representatives for Forgent and Neos didn’t immediately respond to requests for comment. The offering comes a bit more than six weeks after Forgent and affiliates of Neos raised $1.7 billion in an IPO, as investors welcomed another opportunity to tap the artificial intelligence spending boom. Read More: DayOne Data Centers Said to Near Confidential US IPO Filing Forgent designs, manufactures and sells equipment such as transformers, switchboards and power distribution units used in data centers, which require consistent and reliable power over long periods of uptime. Private equity firm Neos created the company in 2023 and built it up via acquisitions in 2023 and 2024. For the latest news on equity capital markets activity in the US, Canada and Latin America, follow the channel or visit NI BFWECMUS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here . The company intends to use the proceeds from the shares it sells to indirectly purchase 9.3 million units from Forgent Power Solutions LLC, which intends to purchase them from a different set of Neos affiliates, according...
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise build of 2.3M barrels of oil in U.S. commercial stockpiles for the week ending March 20, after increasing by 6.6M barrels in the previous week. Gasoline inventories reportedly show a build of 500K barrels for the week, distillate inventories reportedly show a build of 1.4M barrels, and inventories at the Cus...
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a surprise build of 2.3M barrels of oil in U.S. commercial stockpiles for the week ending March 20, after increasing by 6.6M barrels in the previous week. Gasoline inventories reportedly show a build of 500K barrels for the week, distillate inventories reportedly show a build of 1.4M barrels, and inventories at the Cushing storage hub reportedly show a build of 4M barrels. The Energy Information Administration is scheduled to release its weekly U.S. petroleum supply report on Wednesday; the average of analysts surveyed by The Wall Street Journal forecast domestic commercial crude stocks would decline by 200K barrels, gasoline inventories were expected to drop by 2.4M barrels, and distillate inventories were expected to decline by 1.8M barrels. WTI front-month April crude oil ( CL1:COM ) recently traded at $89.06/bbl, down from Tuesday's $92.35/bbl settlement price. ETF: ( USO ) More on crude oil Is The War Taking A New Turn? - WTI Technical Analysis Why U.S. Energy Stocks And Gold Could Win Big Three Hedging Strategies For Oil Prices
According to a filing with the U.S. Securities and Exchange Commission dated February 17, 2026, Icahn Enterprises LP increased its position in Centuri Holdings (NYSE:CTRI) by 3,488,372 shares during the fourth quarter. The estimated transaction value was $77.99 million, based on the average closing price for the quarter. The quarter-end position was valued at $361.99 million, up $132.34 million fr...
According to a filing with the U.S. Securities and Exchange Commission dated February 17, 2026, Icahn Enterprises LP increased its position in Centuri Holdings (NYSE:CTRI) by 3,488,372 shares during the fourth quarter. The estimated transaction value was $77.99 million, based on the average closing price for the quarter. The quarter-end position was valued at $361.99 million, up $132.34 million from the previous filing, a figure that reflects both new purchases and price movements. Centuri Holdings is a leading utility infrastructure services provider in North America, supporting the modernization and reliability of gas and electric distribution systems. With a workforce of over 8,600 employees and annual revenue of $2.84 billion (TTM), the company leverages a diversified segment structure to serve both regulated utilities and emerging infrastructure needs. Its scale and expertise position it as a strategic partner for utilities investing in safety, efficiency, and grid modernization. Icahn Enterprises LP, the diversified holding company controlled by activist investor Carl Icahn, added another 3.5 million Centuri shares in Q4. The SEC filing appears under "ICAHN CARL C," Carl Icahn's personal filing identity as the controlling person over his investment entities, which is standard practice for consolidated 13F filers. Earlier in 2025, Icahn participated in a $75 million private placement alongside a $160 million public offering, committing directly to the company at a negotiated price. The Q4 add suggests that original conviction hasn't changed. Continue reading
The independent research firm and short-seller, Muddy Waters Research, recently published a 28-page short report on the popular digital bank SoFi (NASDAQ: SOFI) . SoFi pitches itself as a one-stop-shop digital bank that can meet all financial needs, largely targeting a high-income population. The bank's products and services include personal, student, and home mortgage loans, an online investment ...
The independent research firm and short-seller, Muddy Waters Research, recently published a 28-page short report on the popular digital bank SoFi (NASDAQ: SOFI) . SoFi pitches itself as a one-stop-shop digital bank that can meet all financial needs, largely targeting a high-income population. The bank's products and services include personal, student, and home mortgage loans, an online investment brokerage, depository accounts, and other personal finance tools. SoFi also owns a bank technology business that provides core processing and payments technology to fintechs and other banks. Muddy Waters said it was shorting SoFi due to what it believes are improper accounting practices, financial engineering, and a complex web of off-balance-sheet transactions that distort the business's actual performance. Continue reading
Circle Internet Group (NYSE:CRCL) , a leading stablecoin issuer, closed Tuesday at $101.17, down 20.1%. The stock, which is still up 27.6% year-to-date, declined after news that proposed crypto regulation might tighten limits on stablecoin yields. Trading volume reached 56.4 million shares, coming in about 289% above its three-month average of 14.5 million shares. Circle Internet Group IPO'd in 20...
Circle Internet Group (NYSE:CRCL) , a leading stablecoin issuer, closed Tuesday at $101.17, down 20.1%. The stock, which is still up 27.6% year-to-date, declined after news that proposed crypto regulation might tighten limits on stablecoin yields. Trading volume reached 56.4 million shares, coming in about 289% above its three-month average of 14.5 million shares. Circle Internet Group IPO'd in 2025 and has grown 46.6% since going public. The S&P 500 (SNPINDEX:^GSPC) slipped 0.37% to 6,556, while the Nasdaq Composite (NASDAQINDEX:^IXIC) fell 0.84% to finish at 21,762. Within crypto markets, industry peers Coinbase Global (NASDAQ:COIN) declined 9.76% to $181.04, and Nu Holdngs (NYSE:NU) fell 3.34% to close at $14.19 understcoring different exposure to crypto and stablecoin regulatory risk. Continue reading
Forward has struggled for form and focus this season but Galatasaray display was reminder of his brilliance It was perhaps as well that Mohamed Salah’s last game before the announcement of his departure from Liverpool was the home game against Galatasaray . After all the frustrations and disappointments of this season, all the games of drifting forlorn and disconnected on the right, after the miss...
Forward has struggled for form and focus this season but Galatasaray display was reminder of his brilliance It was perhaps as well that Mohamed Salah’s last game before the announcement of his departure from Liverpool was the home game against Galatasaray . After all the frustrations and disappointments of this season, all the games of drifting forlorn and disconnected on the right, after the missed penalty in the first half, here at last was a reminder of the player he had been. It wasn’t just his goal, a characteristic left-footed whip into the top corner after cutting in from the right after a one‑two with Florian Wirtz, or even the low cross for Hugo Ekitiké’s goal or the fearsome shot that led to Ryan Gravenberch’s; it was the sense of menace, of gleeful mischief, of the way the crowd was gripped by anticipation when the ball came to him. Even if he is not granted another spell like that this season, at least he and Anfield had that chance to remember old times. Continue reading...
Oil fell on reports of a US diplomatic push to end the war with Iran, which eclipsed news that more troops would be sent to the region. West Texas Intermediate dropped below $89 a barrel after the New York Times reported the US had sent Iran a 15-point plan to end the conflict, citing two officials briefed on the initiative. Separately, Israel’s Channel 12 reported Washington was seeking a one-mon...
Oil fell on reports of a US diplomatic push to end the war with Iran, which eclipsed news that more troops would be sent to the region. West Texas Intermediate dropped below $89 a barrel after the New York Times reported the US had sent Iran a 15-point plan to end the conflict, citing two officials briefed on the initiative. Separately, Israel’s Channel 12 reported Washington was seeking a one-month ceasefire for talks. Earlier, the Trump administration ordered the 82nd Airborne Division to deploy about 2,000 soldiers to the Middle East, according to a person familiar with the matter, as the White House weighed options to ease Iran’s chokehold on the Strait of Hormuz, the vital waterway that become a focus of the conflict. President Donald “Trump appears to be seeking serious negotiations with Iran, while also keeping his options open,” said Will Todman, senior fellow in the Middle East Program at the Center for Strategic and International Studies. It is unclear if the additional troops are “part of his negotiating strategy, or if he is truly preparing for a ground invasion,” he added. Oil remains on track for a substantial monthly surge following a volatile run of trading as investors tracked the fall-out from the war, which is now in its fourth week. At the heart of the conflict, Tehran has moved to exert control over Hormuz, choking off supplies of crude and gas from the Persian Gulf to global markets, triggering concerns of an energy crunch. On Tuesday, President Trump signaled Iran had offered a “present” as a show of good faith in talks he has claimed are ongoing to end the war. He didn’t detail the gift, but confirmed it was related to energy flows through the strait. Iran has said foreign ships are allowed to cross the strait, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran. The comments came in a letter circulated to members of the International Maritime Organization on Tuesday. To get B...
Welcome to Open Dialogue, a series from the South China Morning Post where we bring together leading voices to discuss the stories and subjects occupying international headlines. In this edition, we invited a prominent industry player and economist to reflect on the role of stablecoins, cryptocurrencies pegged to fiat currencies or other assets. They discuss the differing approaches of China and t...
Welcome to Open Dialogue, a series from the South China Morning Post where we bring together leading voices to discuss the stories and subjects occupying international headlines. In this edition, we invited a prominent industry player and economist to reflect on the role of stablecoins, cryptocurrencies pegged to fiat currencies or other assets. They discuss the differing approaches of China and the United States, as well as Hong Kong’s role in China’s strategy, as the city is expected to issue...
Washington’s China policy lacks strategy, coherence and a clear framework in US President Donald Trump’s second term, mirroring his first, according to a former senior official in the Joe Biden administration. Former Biden officials, speaking at a Carnegie Endowment for International Peace event on Tuesday, said there was little evidence of systemic policy when they assumed power in early 2021, af...
Washington’s China policy lacks strategy, coherence and a clear framework in US President Donald Trump’s second term, mirroring his first, according to a former senior official in the Joe Biden administration. Former Biden officials, speaking at a Carnegie Endowment for International Peace event on Tuesday, said there was little evidence of systemic policy when they assumed power in early 2021, after Trump’s first term, a pattern that appeared to be repeating itself. “There were themes about how...
Yahoo Finance Tech Editor Senior Tech Reporter Dan Howley and TECHnalysis Research president Bob O'Donnell explain what Nvidia's (NVDA) new product OpenClaw is, and how exactly it fits into the artificial intelligence (AI) landscape.
Yahoo Finance Tech Editor Senior Tech Reporter Dan Howley and TECHnalysis Research president Bob O'Donnell explain what Nvidia's (NVDA) new product OpenClaw is, and how exactly it fits into the artificial intelligence (AI) landscape.
Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme. Wakkanai Shinkin Bank serves customers in the city of the same name in northern Hokkaido. Once a bustling fishing hub, it has seen the number of residents roughly halve from its peak in 1964. Loan demand has plummeted, and...
Many Japanese banks in the countryside are struggling due to a shrinking population, but at a tiny credit union in the northernmost tip of the country, the situation is extreme. Wakkanai Shinkin Bank serves customers in the city of the same name in northern Hokkaido. Once a bustling fishing hub, it has seen the number of residents roughly halve from its peak in 1964. Loan demand has plummeted, and the bank has turned to investing in Japanese government bonds to eke out a profit, a strategy that is now coming into question. Led by its long-standing President Masatoshi Masuda , 72, who grew up in the area, the lender has been engaging with local businesses and community to nurture startups and turn around troubled ones. but the hard truth is there just aren’t enough borrowers. “No business can survive without people,” Masuda said in an interview. “If you ask about the future of Wakkanai Shinkin, it’s tied to the fall in the population and the number of businesses.” It’s a challenge shared by many other rural lenders in Japan. Years of rock-bottom borrowing costs failed to lift local economies out of their deepening funk. Now, even with the Bank of Japan raising interest rates, credit demand is too weak to prop up profits. Wakkanai Shinkin is a stark example. While the lender provides nearly half of the loans in its region, the amount makes up just 16% of deposits — far below the national average of 50% for Japan’s around 250 credit unions, known as “shinkin”. It funnels most of the rest into Japanese government bonds, which are now losing their value as interest rates climb . Masuda, who has worked at the bank for almost 50 years and served as president for the past 20, sees the nation’s debt as a relatively safe proposition. “We are taking so much credit risk in lending,” he said. “So, we don’t want to take any more credit risk in our securities portfolio.” Sitting next to Soya Bay, Wakkanai is far enough north that you can see Russia’s Sakhalin island on a clear day...