2026年1月26日，欧盟委员会发布公告，对原产于中国的蜡烛(Candles,Tapers and the like)作出反倾销终裁，裁定宁波旷世居家用品有限公司、宁波旷世智源工艺设计有限公司和安徽芬缘芳香科技有限公司反倾销税均为56.7%、青岛金王（002094）应用化学股份有限公司反倾销税为60.3%、其他合作企业反倾销税为58.1%、中国其他生产商/出口商反倾销税为60.3%。涉案产品的欧盟...
2026年1月26日，欧盟委员会发布公告，对原产于中国的蜡烛(Candles,Tapers and the like)作出反倾销终裁，裁定宁波旷世居家用品有限公司、宁波旷世智源工艺设计有限公司和安徽芬缘芳香科技有限公司反倾销税均为56.7%、青岛金王（002094）应用化学股份有限公司反倾销税为60.3%、其他合作企业反倾销税为58.1%、中国其他生产商/出口商反倾销税为60.3%。涉案产品的欧盟CN(Combined Nomenclature)编码为34060000。本案倾销调查期为2023年10月1日至2024年9月30日，损害调查期为2021年1月1日至倾销调查期结束。公告自发布次日起生效。(中国贸易救济信息网)
France’s progress this year in reining in its budget deficit has failed to impress some bond investors, who say the risk of fiscal deterioration has just been pushed down the road. French bonds have rallied as Prime Minister Sebastien Lecornu survived no-confidence votes from opposition parties unhappy with his taxing and spending plan. The budget, which aims to bring the deficit down to 5% of gro...
France’s progress this year in reining in its budget deficit has failed to impress some bond investors, who say the risk of fiscal deterioration has just been pushed down the road. French bonds have rallied as Prime Minister Sebastien Lecornu survived no-confidence votes from opposition parties unhappy with his taxing and spending plan. The budget, which aims to bring the deficit down to 5% of gross domestic product, is on a path to approval. The yield premium of the country’s 10-year debt over safer German peers has narrowed to the lowest since June 2024, when President Emmanuel Macron kicked off 18 months of instability by calling a snap election. Yet France is far from meeting the European Union requirement that it bring the deficit down to 3% of GDP by 2029. That means further effort next year, when voters choose a new president and possibly a new Parliament — hardly a time when politicians will be inclined to pass painful budget measures. For investors such as Mediolanum International Funds Ltd. and Ninety-one Asset Management , that’s a reason they’re paring their holdings of French debt. “Although recent developments have delivered some short‑term relief for French spreads, the broader political and fiscal outlook is still troubling,” said John Taylor, head of European fixed income at AllianceBernstein , who has held an underweight position in French bonds. Investors took fright in 2024 when France reported a much wider-than-anticipated deficit after years of spending on the Covid and energy crises. After the snap election that year, Parliament was roughly evenly divided among three political blocs, leaving lawmakers unable to agree on a budget and leading to the collapse of successive governments. The premium investors demand to hold French debt over German bunds soared to almost 90 basis points by the end of 2024. Even after this year’s rally, the yield on French 10-year OATs, at 3.43 %, is still higher than similar bonds from Spain and Portugal, and about ...
Getty Images Dear Partners and Friends, The full-year 2025 return of Maran Partners Fund was +5.4%, net of all fees and expenses, following a fourth quarter return of -5.2%, net. 1 While this rocky fourth quarter capped a frustrating year, our long-term results remain solid. Our annualized gross alpha since inception vs. the Russell 2000 is approximately 10%. In the last decade, we had one down ye...
Getty Images Dear Partners and Friends, The full-year 2025 return of Maran Partners Fund was +5.4%, net of all fees and expenses, following a fourth quarter return of -5.2%, net. 1 While this rocky fourth quarter capped a frustrating year, our long-term results remain solid. Our annualized gross alpha since inception vs. the Russell 2000 is approximately 10%. In the last decade, we had one down year, two years in which our returns were up in the single digits, and seven years with returns in the double digits. While I can’t offer any guesses about the distribution of our future returns, I can promise they will remain lumpy. Our concentrated approach guarantees that. We remain focused on the long term. Over this time horizon, our strategy has demonstrated its efficacy in generating solid returns while being invested in companies that are typically inexpensive well-run, with little to no leverage, and outside of those that dominate the indices. 2 We remain concentrated on what I believe are our top ideas while managing risk and exposure in what I believe are appropriate ways. Approximately two thirds of our capital is invested in our top five positions, but we have no position that represents more than 15% of capital. Our average net exposure in 2025 was 83%, slightly above our long-term average of 78%. We had six stocks among our top five positions at various times throughout last year. The current top five holdings 3 are Clarus Corp ( CLAR ), Correios de Portugal (Euronext Lisbon: CTT) ( CTTOF ), Horizon Kinetics Holding Corporation ( HKHC ), Pure Cycle Corporation ( PCYO ), a newly disclosed top-five position, more on which below), and Turning Point Brands ( TPB ); APi Group ( APG ) is currently a close sixth. The approximate returns of these stocks in 2025 were: APG 60% CLAR -21% CTT.LS 45% HKHC -33% PCYO[4] 12% TPB 82% Click to enlarge As you can see, a number of our core positions performed well last year. Unfortunately, two of our largest—Clarus and Horizon Kin...
Costco has generated fantastic growth over the years, and it can also be an attractive option for dividend investors. Shares of Costco Wholesale (COST 0.89%) have risen by more than 170% in the past five years, significantly outperforming the S&P 500 and its roughly 80% gains over that stretch. The retailer's operations have proven to be resilient, and its steady and calculated growth strategy has...
Costco has generated fantastic growth over the years, and it can also be an attractive option for dividend investors. Shares of Costco Wholesale (COST 0.89%) have risen by more than 170% in the past five years, significantly outperforming the S&P 500 and its roughly 80% gains over that stretch. The retailer's operations have proven to be resilient, and its steady and calculated growth strategy has paid off. One thing that may not always attract investors' attention, however, is the company's dividend. At just 0.5%, Costco's yield doesn't exactly stand out in a positive way. But with dividend increases over the years and occasional special dividend payments, could this be an underrated income stock to own? Why Costco's dividend is better than it appears to be Costco's dividend yield would be much higher than it is if not for its red-hot stock price. When a stock rallies significantly in value, that brings down its yield, since it means investors are paying more to collect the same dividend payment. And that's even with Costco raising its dividend over the years. At the start of 2020, the company was paying its shareholders a quarterly dividend of $0.65, which has since risen to $1.30 -- doubling in value. That averages out to a compounded annual growth rate of 12.2%. During that time, the company has also paid a special dividend twice. In 2020, it paid $10 per share, and in 2023, it announced a payment of $15 per share. A special dividend is even more discretionary than a regular dividend payment and can come if a business has enjoyed a particularly strong year, but it is by no means predictable. If a company issues one, however, it is a good indication of its willingness and eagerness to reward its shareholders. Expand NASDAQ : COST Costco Wholesale Today's Change ( -0.89 %) $ -8.65 Current Price $ 961.63 Key Data Points Market Cap $426B Day's Range $ 955.71 - $ 970.00 52wk Range $ 844.06 - $ 1078.23 Volume 76K Avg Vol 2.8M Gross Margin 12.88 % Dividend Yield 0.53 %...
Turkey Says It Foiled Iranian Intelligence Plot At US Incirlik Base Various Turkish and Middle East sources are reporting that Iranian intelligence attempted to spy on the major US airbase at Incirlik , and that a cell of Iranian agents has been busted. The report, originally in Turkey's Sabah newspaper on Wednesday, said that Turkish intelligence and Istanbul police detained six people across fiv...
Turkey Says It Foiled Iranian Intelligence Plot At US Incirlik Base Various Turkish and Middle East sources are reporting that Iranian intelligence attempted to spy on the major US airbase at Incirlik , and that a cell of Iranian agents has been busted. The report, originally in Turkey's Sabah newspaper on Wednesday, said that Turkish intelligence and Istanbul police detained six people across five provinces. The report claims the cell was led by Iranian intelligence codenamed "Haji" and another codenamed "Doctor". A Turkish asset is alleged to have hired people to take photos and videos of the Incirlik Air Base in Adana, which has been jointly controlled by Ankara and Washington for decades, and which plays host to American tactical nuclear weapons as part of a broader NATO nuclear-sharing program . Incirlik Air Base, near Adana, Turkey, via Reuters. Incirlik Air Base played a vital role in US and allied covert operations to oust Assad in Syria, and has over the past decade been featured in global headlines, especially connected with the CIA's 'Timber Sycamore' regime change operation aimed at Damascus . The Iranians were of course closely allied with Assad during the lengthy proxy war, and have since retreated from Syria, also as Lebanon's Hezbollah has been removed from the country. The region is on edge amid a US naval and air force build-up in the Gulf, and as President Trump threatens action against Tehran. If a major conflict were to break out, US officials fear that Iran could hit regional US bases in retaliation . They have closely watched threats out of Tehran officials, including the latest from Iran's parliamentary speaker, Mohammad Bagher Ghalibaf, who warned earlier this month: “In the event of an attack on Iran, both the occupied territories and all American military centres, bases, and ships in the region will be our legitimate targets,” Qalibaf said during a parliamentary session. "We do not consider ourselves limited to responding after the act and...
JuSun/iStock via Getty Images My previous article on Hercules Capital, Inc. ( HTGC ) was issued right before the BDC released its Q2, 2025 earnings report. The title of that article was as follows: Don't Just Seek Yield, Seek Durability: The Hercules Capital Story. It encapsulates the entire essence very well, emphasizing that HTGC is not only about yield, but also about durability, which has incr...
JuSun/iStock via Getty Images My previous article on Hercules Capital, Inc. ( HTGC ) was issued right before the BDC released its Q2, 2025 earnings report. The title of that article was as follows: Don't Just Seek Yield, Seek Durability: The Hercules Capital Story. It encapsulates the entire essence very well, emphasizing that HTGC is not only about yield, but also about durability, which has increasingly become a more difficult topic in the context of BDC income investing. The issue that we have at hand is lower base rates (last three rate cuts by the Fed), where the consequences will be finally seen in Q4 reports (with some lag into Q1, 2026 as well). Since almost all BDCs have pronounced floating rate loan investment exposures, it is only logical that their income levels go down in line with reduced SOFR. This brings us to the topic of margin of safety, or the BDC's ability to absorb the headwinds without touching the dividends. The short answer is that on a system-wide basis (or on average), BDCs have no room to maneuver here. Namely, based on Q3, 2025 earnings reports, which a) were generally characterized by falling NII levels (mainly, due to SOFR pressures) and b) did not reflect the most recent interest rate cuts, BDCs had their base dividends covered at 100% from the NII per share generation. However, while HTGC is indeed a part of the system, the fundamentals show that it is a rare exception, which has the necessary set-up to actually preserve the dividend going forward. For many prudent, income-oriented investors, experiencing a dividend cut is a huge no-go. There is a totally understandable need or requirement for reliable income based on which living expenses can be planned without losing good sleep at night. In my view, HTGC delivers on this. Let me now update my thesis on HTGC and further justify (based on Q3 data) the case of truly reliable income profile. Thesis review In sports there is a good saying that the best defense is going on offense. In th...
(RTTNews) - Essity AB (ESSITY-B.ST, ESSITY-A.ST), a Swedish-based hygiene and health company, on Thursday said it has signed a EUR 400 million loan agreement with the European Investment Bank to support research, development and innovation across all business areas. The loan has a tenor of seven years. The proceeds will be used to fund value-enhancing upgrades and new product development, with a f...
(RTTNews) - Essity AB (ESSITY-B.ST, ESSITY-A.ST), a Swedish-based hygiene and health company, on Thursday said it has signed a EUR 400 million loan agreement with the European Investment Bank to support research, development and innovation across all business areas. The loan has a tenor of seven years. The proceeds will be used to fund value-enhancing upgrades and new product development, with a focus on combining sustainability and performance in hygiene and health solutions. Chief Executive Officer Ulrika Kolsrud said the agreement will help strengthen Essity's innovation capabilities across the group and support product launches that improve well-being while reducing environmental impact. On Wednesday, Essity closed trading 0.39% higher at SEK 257 on the Stockholm Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
oliver de la haye/iStock via Getty Images Vistra Corp. ( VST ) has been one of these utility companies that has been absolutely on fire recently. Shares have seen giant gains a big degree of volatility, and while a recent pullback is substantial, overall expectations have risen substantially. While this is driven by exploding profitability metrics, with Vistra rapidly signing lucrative PPAs and ac...
oliver de la haye/iStock via Getty Images Vistra Corp. ( VST ) has been one of these utility companies that has been absolutely on fire recently. Shares have seen giant gains a big degree of volatility, and while a recent pullback is substantial, overall expectations have risen substantially. While this is driven by exploding profitability metrics, with Vistra rapidly signing lucrative PPAs and acquiring new generating assets as well, I am leaning cautiously, merely given the massive degree of share price momentum and (political) risks out here. This makes me not yet willing to buy the dip here, as I am waiting for more interesting entry levels and getting more comfortable with the continued advancements projected here. Moving From Boring To Being On Fire Vistra emerged out of the bankruptcy ruins of the parent company of TXU Energy and Luminant in 2016, and until 2023, it was a somewhat dormant utility business. A $25 stock in 2023 ended up eightfolding to a peak around $220 per share in 2025, with shares having seen a meaningful pullback to $160 per share here. The company claims to be America's leading integrated power provider, providing products and services across 18 states: these include the states of Texas, California, and the region and states surrounding Washington, DC. The company claims to be the largest competitive power generator in the US, having 41,000 MW of generating power. This is 60% reliant on gas, complemented by coal, nuclear, and smaller renewable energy sources. The company touts an integrated business model, disciplined capital allocation decisions, a strong balance sheet, and strategic energy transition (including deals for data centers). The company believes heavily in the usage of natural gas (outside a sizeable nuclear business), with the company believing that gas takes little space, is efficient, reliable, and is counter-cyclical. The latter is in the sense that production is reliable when compared to renewables or other forms of ener...
Indonesian equities pared most of their losses after regulators said they plan to double the minimum free-float requirements and that its sovereign wealth fund Danantara may actively participate in the market. The local exchange will lift free float — or the number of shares available for public trading — to 15% from the current 7.5% level starting next month as part of broader reforms, Financial ...
Indonesian equities pared most of their losses after regulators said they plan to double the minimum free-float requirements and that its sovereign wealth fund Danantara may actively participate in the market. The local exchange will lift free float — or the number of shares available for public trading — to 15% from the current 7.5% level starting next month as part of broader reforms, Financial Services Authority Chairman Mahendra Siregar told reporters on Thursday. Danantara could help boost stock liquidity through its subsidiaries, said Inarno Djajadi, head of capital market supervision at the regulator. State-owned banks under the wealth fund have their own stock brokerage houses and asset management units. Read: MSCI Warning Triggers Worst Indonesian Stock Rout Since 1998 The move appeared to reassure investors, with stocks paring losses to as little as 0.3% in the late afternoon. Earlier, worries about a possible MSCI Inc. downgrade sent the benchmark Jakarta Composite Index down by as much as 10%, extending losses into a second day and triggering a 30-minute trading halt. Indonesian regulators have pledged to meet the call for greater transparency, and have until May when MSCI reassesses the country’s market accessibility status. If MSCI deems there’s not enough progress, it could reduce Indonesia’s weighting in its indexes and even downgrade the nation from emerging market. Goldman Sachs, UBS Cut Indonesian Stocks Rating on MSCI Warning Richest Man in Indonesia Loses $9 Billion After MSCI’s Warning Danantara Gets $1 Billion Loan at Double Cost of ‘Patriot Bonds’
Photo: VCG Gold prices surged to an unprecedented high near $5,600 an ounce on Thursday, extending a dizzying rally that has unsettled traders and raised concerns about potential market dislocations. Spot gold in London briefly touched $5,598 in early trading, extending an eight-day winning streak that lifted prices from below $4,600 an ounce on Jan. 19. The surge comes as investors seek safe have...
Photo: VCG Gold prices surged to an unprecedented high near $5,600 an ounce on Thursday, extending a dizzying rally that has unsettled traders and raised concerns about potential market dislocations. Spot gold in London briefly touched $5,598 in early trading, extending an eight-day winning streak that lifted prices from below $4,600 an ounce on Jan. 19. The surge comes as investors seek safe havens amid heightened geopolitical tensions. The speed of the ascent left market participants scrambling and fueled debate over whether the rally reflects fundamental demand or speculative excess.
Palantir US69608A1088 A palpable sense of unease surrounds Palantir Technologies Inc. as its quarterly earnings report approaches. The stock has entered a turbulent period, shedding nearly 25% of its value in the past month alone. This volatility underscores a dramatic split in analyst sentiment, where extreme optimism collides with a severe warning that has unsettled investors. Not all market obs...
Palantir US69608A1088 A palpable sense of unease surrounds Palantir Technologies Inc. as its quarterly earnings report approaches. The stock has entered a turbulent period, shedding nearly 25% of its value in the past month alone. This volatility underscores a dramatic split in analyst sentiment, where extreme optimism collides with a severe warning that has unsettled investors. Not all market observers are sounding alarms. A significant contingent remains firmly bullish, viewing Palantir as a primary beneficiary of what they term an "AI supercycle." Citigroup exemplifies this optimism, assigning a $235 price target and anticipating a continuation of the stock's previous rally. Similarly, Phillip Securities recently initiated coverage with a buy recommendation and a $208 target. This positive outlook is anchored in the company's accelerating commercial growth, particularly within the United States, where revenue recently surged by over 120%. New strategic partnerships, including one with HD Hyundai, alongside the prospect of a $448 million contract with the U.S. Navy, continue to fuel investor enthusiasm for the company's long-term potential. A Cautionary Voice Highlights Extreme Valuation Risk In stark contrast, a drastic warning from RBC Capital Markets presents a far grimmer picture. Analyst Rishi Jaluria maintains his underweight rating, issuing a price target of just $50. From current levels, this implies a potential downturn of almost 70%. Jaluria's skepticism is partly based on a perceived softening in key contract metrics, such as Qualified Contract Value. However, the core argument from bears centers on valuation. Palantir trades at a price-to-earnings (P/E) ratio ranging between 200 and 400, a level critics deem unsustainable given the company's fundamental financials. The technical picture reinforces the current selling pressure, with the stock having fallen below its 50-day moving average, last quoted at €136.16 ($163.69). Insider Selling Adds to the Pre...
Apple earnings could show strong holiday iPhone demand, but rising memory costs could pose a problem for the tech giant’s outlook. Apple is scheduled to report fiscal first-quarter results after the stock market closes on Thursday. Shareholders will keep a close eye on iPhone sales since it’s where Apple makes most of its revenue.
Apple earnings could show strong holiday iPhone demand, but rising memory costs could pose a problem for the tech giant’s outlook. Apple is scheduled to report fiscal first-quarter results after the stock market closes on Thursday. Shareholders will keep a close eye on iPhone sales since it’s where Apple makes most of its revenue.