The dollar index (DXY00) tumbled to a nearly 4-year low on Tuesday and finished down by -0.86%. The dollar retreated on Tuesday and has continued to be undercut as foreign investors pull capital from the US amid political risks. The markets remain nervous about Greenland, even though Mr. Trump said last Wednesday that there was a framework agreement for increased US access to Greenland and that he...
The dollar index (DXY00) tumbled to a nearly 4-year low on Tuesday and finished down by -0.86%. The dollar retreated on Tuesday and has continued to be undercut as foreign investors pull capital from the US amid political risks. The markets remain nervous about Greenland, even though Mr. Trump said last Wednesday that there was a framework agreement for increased US access to Greenland and that he would not invade Greenland by military force. Join 200K+ Subscribers: The dollar is also under pressure on US political uncertainty after President Trump on Saturday threatened 100% tariffs on US imports from Canada if Canada signs a trade agreement with China. Canada is seeking other trade partners amid President Trump's liberal use of tariffs during this second administration. In addition, the dollar is weighed down by speculation that the US might coordinate FX intervention with Japan to boost the yen, which would dovetail with Mr. Trump's apparent view that a weak dollar is good for the US as a stimulus to US exports. The yen rose to a 2.75-month high against the dollar on Tuesday as US authorities reportedly contacted market participants last Friday to check dollar/yen prices, a possible precursor to intervention. The dollar added to its losses on Tuesday after the Conference Board US Jan consumer confidence index unexpectedly fell to an 11.5-year low. The risk of another partial US government shutdown is also weighing on the dollar. Senate Democrats threatened to block a government funding deal over Department of Homeland Security/ICE funding after the ICE shooting of an ICU nurse in Minnesota on Saturday. There could be a partial government shutdown when the current stopgap funding measure expires this Friday. In addition, the dollar is being undercut by risks to the Federal Reserve's independence, a growing US budget deficit, fiscal profligacy, and widening political polarization. ADP reported that US private payrolls rose an average of 7,750 per week in the four w...
Live cattle futures are 22 to 55 cents lower in the front months on Tuesday. Cash trade has yet to get kicked off this week. It found its footing last week at $233 to $236.50 live and $370 dressed. Feeder cattle futures are slipping back 40 to 50 cents in the nearbys, with soon to expire January up a nickel. The CME Feeder Cattle Index was up just 9 cents to $363.57 on January 23. USDA’s wholesale...
Live cattle futures are 22 to 55 cents lower in the front months on Tuesday. Cash trade has yet to get kicked off this week. It found its footing last week at $233 to $236.50 live and $370 dressed. Feeder cattle futures are slipping back 40 to 50 cents in the nearbys, with soon to expire January up a nickel. The CME Feeder Cattle Index was up just 9 cents to $363.57 on January 23. USDA’s wholesale Boxed Beef report from Tuesday morning showed prices mixed, with the Chc/Sel spread widening to $4.70. Choice boxes were up 37 cents to $369.27, while Select was $2.55 lower at $364.57. Monday’s USDA federally inspected cattle slaughter was estimated at 100,000 head. That was 5,000 head below last Monday and 13,256 head shy of the same week last year. Don’t Miss a Day: Feb 26 Live Cattle are at $235.800, down $0.225, Apr 26 Live Cattle are at $237.475, down $0.525, Jun 26 Live Cattle are at $233.250, down $0.375, Jan 26 Feeder Cattle are at $366.750, up $0.050 Mar 26 Feeder Cattle are at $362.125, down $0.475 Apr 26 Feeder Cattle are at $360.800, down $0.400 On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
US public pensions could pay almost 90% of promised benefits if investment gains made in the first half of the fiscal year persist over the next six months, but risks are also climbing, according to S&P Global Inc. Record-breaking stock returns and a solid bond market powered pensions to returns of about 8.5% from July through December, according to the rating company. Public pension funding level...
US public pensions could pay almost 90% of promised benefits if investment gains made in the first half of the fiscal year persist over the next six months, but risks are also climbing, according to S&P Global Inc. Record-breaking stock returns and a solid bond market powered pensions to returns of about 8.5% from July through December, according to the rating company. Public pension funding levels would rise to 89% from 81% if performance in the second half of the fiscal year mirrors the first, S&P said in a report Tuesday. But investment risks in pension portfolios are also rising, according to the report, owing to increased allocations to private assets. These investments make up 19% of US public pension portfolios, rising from 10.7% a decade ago, according to Cliffwater, an investment consultant and asset manager. “We see a notable increase in risk embedded within pension trusts,” S&P said. “Limited disclosure reduces oversight and transparency.” The firm cited the risk that private equity firms could overstate the value of their portfolio companies, while increasingly popular asset-shuffling techniques could obscure funds’ performance and liquidity position. In private credit, concentration risks have arisen due to “uneven opportunities provided to large managers,” S&P said. Pensions benefited from the sharp rise in stock prices caused by exuberance over advances in artificial intelligence, the economy’s surprising resilience and growing conviction that the Federal Reserve would cut interest rates. Wall Street is expecting a fourth consecutive year of gains driven by continued economic growth and durable corporate earnings. Public pension funding has increased 10 percentage points since the beginning of fiscal 2022, driven by the surging stock market. Government retirement systems, which count on annual gains of 7% on average to cover all the benefits promised to retirees, invest most of their assets in riskier holdings — like public and private equity and real...
MoMo Productions/DigitalVision via Getty Images Brown & Brown, Inc. ( BRO ) just released Q4 and full-year 2025 earnings. While they reported year-over-year growth, the stock was down on the news the next day. I rated it a Buy before, at $95, and I don't see whatever disappointing news the market sees. Summary of Previous Thesis When I wrote about B&B last time, I rated it a Buy because I liked th...
MoMo Productions/DigitalVision via Getty Images Brown & Brown, Inc. ( BRO ) just released Q4 and full-year 2025 earnings. While they reported year-over-year growth, the stock was down on the news the next day. I rated it a Buy before, at $95, and I don't see whatever disappointing news the market sees. Summary of Previous Thesis When I wrote about B&B last time, I rated it a Buy because I liked their growing, profitable business. A global insurance broker, they can grow without bearing the risk of being an underwriter. With acquisitions, they can scoop up books of business without too much cost. Their scale makes them appealing to underwriters around the world, giving them tools and data to improve their own risk models. M&A is their primary form of capex, as opposed to standard additions to their own property and equipment. DCF Model for BRO (Author's previous calculation) With a Discounted Cash Flow model of their FCF per share (counting M&A as capex), I determined its intrinsic value was $114 per share. With a discount and a healthy balance sheet on a grower, I believed the stock was attractive and rated it a Buy. Q4 and Full-Year 2025 Results If there is a primary reason for the stock's price decline, it's likely the decline in organic revenue for the fourth quarter . Organic Revenue (Q4 2025 Earnings Release) In the earnings call , management primarily attributed these declines to: $28M of non-recurring flood claims processing. Larger decline in CAT rates (than expected). Ongoing slowdown in lender-placed business. Binding authority business is shifting back to the admitted market. Overall, management considered these impacts contained and short-term, not concerning for the long-term business. Q4 2025 Earnings Presentation Nevertheless, full-year results showed both revenue growth and adjusted EPS growth. Reconciling Adjusted EPS (Q4 2025 Earnings Presentation) Seen here, we see several expense items worked out, such as acquisition and integration costs. For my...
Space Asset Acquisition ( SAAQU ) on Tuesday said it priced its initial public offering at $10 per unit for 20M units, with trading expected to begin Jan. 28, 2026, with the underwriter granted a 45-day option to purchase up to an additional 3M units at IPO price to cover over-allotments. Each unit includes one Class A share and one-third of a redeemable warrant, with each full warrant exercisable...
Space Asset Acquisition ( SAAQU ) on Tuesday said it priced its initial public offering at $10 per unit for 20M units, with trading expected to begin Jan. 28, 2026, with the underwriter granted a 45-day option to purchase up to an additional 3M units at IPO price to cover over-allotments. Each unit includes one Class A share and one-third of a redeemable warrant, with each full warrant exercisable for one share at $11.50. Only whole warrants will be exercisable. Once separated, Class A shares and warrants are expected to trade on Nasdaq under the symbols SAAQ and SAAQW, respectively. The offering is expected to close on January 29, 2026. More on Space Asset Acquisition Corp. Seeking Alpha’s Quant Rating on Space Asset Acquisition Corp. Financial information for Space Asset Acquisition Corp.
(RTTNews) - Meta's looking to bring in technology from Manus, a Chinese-founded AI start-up, into its subscription services. This is part of a larger plan to enhance the Meta AI app and introduce advanced automated tools. They made a deal to buy Manus back in December for approximately $2 billion, and they claim this acquisition will enable them to create "general-purpose agents" that can handle c...
(RTTNews) - Meta's looking to bring in technology from Manus, a Chinese-founded AI start-up, into its subscription services. This is part of a larger plan to enhance the Meta AI app and introduce advanced automated tools. They made a deal to buy Manus back in December for approximately $2 billion, and they claim this acquisition will enable them to create "general-purpose agents" that can handle complex tasks, such as planning trips or making presentations, with minimal user input. Manus has since moved its base to Singapore from China and claims its tech can run on its own, tackling tasks without needing constant prompts. Plus, Meta plans to keep offering standalone Manus subscriptions for business clients. That said, back in January, Beijing announced it would look into the deal to see if it goes against Chinese laws on tech exports or national security. On top of that, Meta is expanding its subscription services across its platforms. They've been experimenting with limiting link sharing for free users on Facebook, introduced paid ad-free versions of Facebook and Instagram in the UK, and even launched paid verification for blue-tick accounts. All of these points to Meta trying to diversify its revenue and ramp up its investment in AI. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points Cushing Asset added 855,000 shares of Kinetik Holdings. Quarter-end position value increased by $24.2 million. It owned over 1.8 million shares valued at $66.5 million as of quarter-end. These 10 stocks could mint the next wave of millionaires › On Jan. 27, Cushing Asset Management, LP dba NXG Investment Management disclosed a buy of 855,000 shares of Kinetik Holdings (NYSE:KNTK). Added...
Key Points Cushing Asset added 855,000 shares of Kinetik Holdings. Quarter-end position value increased by $24.2 million. It owned over 1.8 million shares valued at $66.5 million as of quarter-end. These 10 stocks could mint the next wave of millionaires › On Jan. 27, Cushing Asset Management, LP dba NXG Investment Management disclosed a buy of 855,000 shares of Kinetik Holdings (NYSE:KNTK). Added 855,000 shares of Kinetik Holdings Quarter-end position value increased by $24.2 million, reflecting both share purchases and price movement Post-trade stake: 1.8 million shares valued at $66.5 million as of quarter-end The position now accounts for 3.8% of the fund’s AUM. What happened According to a SEC filing dated Jan. 27, Cushing Asset Management, LP dba NXG Investment Management increased its stake in Kinetik Holdings by 855,000 shares. What else to know This buy raises the Kinetik Holdings stake to 3.8% of the fund’s 13F reportable assets under management Top holdings after the filing: NYSE:ET: $131.8 million (7.6% of AUM) NYSE:TRGP: $125.7 million (7.2% of AUM) NYSE:MPLX: $100.5 million (5.8% of AUM) NYSE:WMB: $95.9 million (5.5% of AUM) NYSE:OKE: $95.4 million (5.5% of AUM) Company overview Metric Value Price (as of market close January 26, 2026) $39.90 Market capitalization $6.4 billion Revenue (TTM) $1.72 billion Dividend yield 7.9% Company snapshot Kinetik Holdings (NYSE:KNTK) operates as a midstream company with an l presence in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for oil and gas producers in the region. The company’s fee-based midstream business model focuses on generating revenue primarily from long-term contracts with producers. Provides gathering, transportation, compression, processing, and treating services for natural gas, natural gas liquids, crude oil, and water in the Texas Delaware Basin. Serves upstream oil and gas producers operating in the Delaware Basin. Operates a fee-b...
Italian officials voice outrage at the presence of U.S. ICE agents at the 2026 Olympics toggle caption Piero Cruciatti/AFP via Getty Images A growing number of Italian politicians are pushing back against a plan for U.S. Immigration and Customs Enforcement (ICE) agents to help provide security at the Milan Winter Olympics. U.S. Homeland Security officials have provided assistance at past Olympic G...
Italian officials voice outrage at the presence of U.S. ICE agents at the 2026 Olympics toggle caption Piero Cruciatti/AFP via Getty Images A growing number of Italian politicians are pushing back against a plan for U.S. Immigration and Customs Enforcement (ICE) agents to help provide security at the Milan Winter Olympics. U.S. Homeland Security officials have provided assistance at past Olympic Games, but critics including Milan's mayor say after the violence in Minneapolis, ICE agents are no longer welcome. "This is a militia that kills, a militia that enters into the homes of people, signing their own permission slips," Milan Mayor Giuseppe Sala told local media. "It is clear they are not welcome in Milan, without a doubt." Sponsor Message It's common for U.S. law enforcement and intelligence agencies, including the Department of Homeland Security, to play a role at big international events like the Olympics. In a statement to NPR, Department of Homeland Security spokesperson Tricia McLaughlin said ICE's Homeland Security Investigations unit will assist Italian authorities and other U.S. federal agencies working at the Winter Games. "Obviously, ICE does not conduct immigration enforcement operations in foreign countries," McLaughlin said. "At the Olympics, ICE's Homeland Security Investigations is supporting the U.S. Department of State's Diplomatic Security Service and host nation to vet and mitigate risks from transnational criminal organizations. All security operations remain under Italian authority." Speaking with Italian journalists, Italy's interior minister, Matteo Piantedosi, said it's not yet clear what U.S. security personnel will be at the Milan Cortina Games, but he stressed that "ICE will not operate on Italian territory." "It's not like the SS are about to arrive." - Italian Foreign Minister Antonio Tajani, speaking with L'Espresso Italy's foreign minister Antonio Tajani, meanwhile, scrambled to contain the controversy, saying that the ICE agents o...
February Nymex natural gas (NGG26) on Tuesday closed up by +0.154 (+2.26%). Feb nat-gas prices on Tuesday closed higher, but remained below Monday's 3.25-year high. Long liquidation pressures took nat-gas prices off their best levels on Tuesday as weather forecasts shifted slightly warmer, according to the Commodity Weather Group. Don’t Miss a Day: On Monday, nat-gas prices surged to a new 3.25-ye...
February Nymex natural gas (NGG26) on Tuesday closed up by +0.154 (+2.26%). Feb nat-gas prices on Tuesday closed higher, but remained below Monday's 3.25-year high. Long liquidation pressures took nat-gas prices off their best levels on Tuesday as weather forecasts shifted slightly warmer, according to the Commodity Weather Group. Don’t Miss a Day: On Monday, nat-gas prices surged to a new 3.25-year nearest-futures high, driven by the massive storm that just crossed the US and the Arctic blast of cold weather. The cold weather caused freeze-up in gas wells and disrupted production in Texas and elsewhere. About 50 billion cubic feet of natural gas were offline Saturday through Monday, or about 15% of total US natural gas production. At the same time, the Arctic weather caused a spike in demand for natural gas for heating. Projections for lower US nat-gas production are supportive for prices. The EIA on January 13 cut its forecast for 2026 US dry nat-gas production to 107.4 bcf/day from last month's estimate of 109.11 bcf/day. US nat-gas production is currently near a record high, with active US nat-gas rigs recently posting a 2-year high. US (lower-48) dry gas production on Tuesday was 96.8 bcf/day (-6.6% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 135.2 bcf/day (+26.7% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Tuesday were 12.7 bcf/day (-33.2% w/w), according to BNEF. As a negative factor for gas prices, the Edison Electric Institute reported on January 14 that US (lower-48) electricity output in the week ended January 10 fell -13.15% y/y to 79,189 GWh (gigawatt hours), although US electricity output in the 52-week period ending January 10 rose +2.5% y/y to 4,294,613 GWh. Last Thursday's weekly EIA report was supportive for nat-gas prices, as nat-gas inventories for the week ended January 16 fell by -120 bcf, a larger draw than the market consensus of -98 bcf but smaller than the 5-year weekly average draw o...
First Commonwealth Financial press release ( FCF ): Q4 Non-GAAP EPS of $0.43 beats by $0.01 . Revenue of $137M (+13.4% Y/Y) beats by $1.44M . More on First Commonwealth Financial First Commonwealth Financial Is Finally Worthy Of Consideration (Upgrade) First Commonwealth announces $25M buyback of shares Seeking Alpha’s Quant Rating on First Commonwealth Financial Historical earnings data for First...
First Commonwealth Financial press release ( FCF ): Q4 Non-GAAP EPS of $0.43 beats by $0.01 . Revenue of $137M (+13.4% Y/Y) beats by $1.44M . More on First Commonwealth Financial First Commonwealth Financial Is Finally Worthy Of Consideration (Upgrade) First Commonwealth announces $25M buyback of shares Seeking Alpha’s Quant Rating on First Commonwealth Financial Historical earnings data for First Commonwealth Financial Dividend scorecard for First Commonwealth Financial
ORLANDO, Florida, Jan 27 (Reuters) - World stocks and the S&P 500 hit new highs on Tuesday, boosted by a flood of strong U.S. earnings reports, while anxiety over U.S. President Donald Trump's policy direction sent safe-haven gold to fresh peaks and sank the dollar to a four-year low. More on that below. In my column today I look at why Japanese authorities might still unilaterally intervene in ...
ORLANDO, Florida, Jan 27 (Reuters) - World stocks and the S&P 500 hit new highs on Tuesday, boosted by a flood of strong U.S. earnings reports, while anxiety over U.S. President Donald Trump's policy direction sent safe-haven gold to fresh peaks and sank the dollar to a four-year low. More on that below. In my column today I look at why Japanese authorities might still unilaterally intervene in the FX market to support the yen, even though the chances of joint action with the United States are probably quite remote. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. 1. U.S. consumer confidence dives to a more than11-1/2-year low 2. World's 'middle powers' de-risking from America: MikeDolan 3. India, EU reach landmark trade deal, tariffs to beslashed on most goods 4. In the Market: Wall Street's banking on next Fed chairto stand up to Trump 5. Chinese industrial profit rises in 2025, first time infour years Today's Key Market Moves * STOCKS: S&P 500 closes in on 7000 points, South Korea+3% to new high, Brazil also hits fresh records. * SECTORS/SHARES: Nine sectors in the S&P 500 rise, led bytech, utilities. Two fall - healthcare, energy. General Motors+9%, UnitedHealth Group -20%. * FX: Dollar selloff snowballs. Swiss franc at 11-yearhigh, cable at 4-year high, euro breaks above $1.20 to new4-year high, yen powers towards 152/$. * BONDS: U.S. Treasury yields up 4 bps at the long end,steepening the curve. * COMMODITIES/METALS: Oil up ~3%, gold and silver reboundbut platinum and palladium slide 3-5%. Today's Talking Points * Dollar torpedoed ... The U.S. dollar is under extreme pressure, with the latest wave of selling pushing it to new four-year lows on a broad basis. Unnerved by geopolitics, Trump's policies, Washington wanting a lower exchange rate, or worries over Fed independence, investors are dumping the greenback. Like last year, the "Sell America" trade is manifesting in FX - U.S....
(RTTNews) - Wesbanco Inc. (WSBC) announced earnings for its fourth quarter that Increases, from the same period last year The company's earnings came in at $78.16 million, or $0.81 per share. This compares with $47.09 million, or $0.70 per share, last year. Excluding items, Wesbanco Inc. reported adjusted earnings of $80.91 million or $0.84 per share for the period. The company's revenue for the p...
(RTTNews) - Wesbanco Inc. (WSBC) announced earnings for its fourth quarter that Increases, from the same period last year The company's earnings came in at $78.16 million, or $0.81 per share. This compares with $47.09 million, or $0.70 per share, last year. Excluding items, Wesbanco Inc. reported adjusted earnings of $80.91 million or $0.84 per share for the period. The company's revenue for the period rose 58.9% to $339.44 million from $213.58 million last year. Wesbanco Inc. earnings at a glance (GAAP) : -Earnings: $78.16 Mln. vs. $47.09 Mln. last year. -EPS: $0.81 vs. $0.70 last year. -Revenue: $339.44 Mln vs. $213.58 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
A pair of StandardAero Inc. ’s largest shareholders are seeking to raise as much as $1.6 billion in an offering of the aircraft maintenance services provider’s shares, according to people familiar with the matter. Private equity firm Carlyle Group Inc. and Singaporean sovereign wealth investor GIC Pte are marketing the shares for $31 to $32 each, the people said, asking not to be identified as the...
A pair of StandardAero Inc. ’s largest shareholders are seeking to raise as much as $1.6 billion in an offering of the aircraft maintenance services provider’s shares, according to people familiar with the matter. Private equity firm Carlyle Group Inc. and Singaporean sovereign wealth investor GIC Pte are marketing the shares for $31 to $32 each, the people said, asking not to be identified as the information isn’t public. The offering is pricing overnight, the people said. The shares are being offered at a discount of as much as 6.4%. StandardAero shares fell 5.6% to $31.28 each as of 4:42 p.m. in after-hours trading on Tuesday in New York. They have risen 38% since the initial public offering. The deal has drawn interest from investors following confidential marketing, the people said. Representatives for StandardAero and Carlyle didn’t immediately respond to requests for comment. A spokesperson for GIC didn’t immediately respond to a request for comment outside normal business hours in Singapore. The two companies also sold stock in StandardAero’s IPO in October 2024, which raised $1.66 billion for the company and the two backers. Carlyle and GIC sold down their stakes further in March 2025, raising $1.01 billion, and again in May raising a further $966 million. Carlyle has a 45.6% stake in StandardAero prior to the sale, while GIC has about 10.3% of the shares, according to a US Securities and Exchange filing . The company will not receive any proceeds from the offering, according to a statement Tuesday. StandardAero has agreed to repurchase $50 million worth of its stock from one of the selling shareholders. Morgan Stanley , JPMorgan Chase & Co. and Royal Bank of Canada are working on the deal, the statement shows.